Required Minimum Distributions: Compliance and Planning


Required minimum distributions (RMDs) from employer retirement plans and IRAs must be made or steep penalties will be incurred. Planning opportunities exist in certain situations to minimize distributions. Also, special rules exist for inherited retirement funds. Your clients depend on you to help them navigate the rules regarding required minimum distributions and the taxation of distributions. This course addresses compliance issues and planning opportunities regarding required minimum distributions.


Minimum distribution requirement changes by the Secure Act of 2019 Latest guidance issued by the IRS, whether by way of regulations or administrative announcements related to required minimum distributions, including the new life expectancy tables and transition rules The calculation of required minimum distributions using the Uniform Life Table Required minimum distributions from multiple accounts Form 1099R and codes Inherited employer retirement accounts and IRAs: Spousal and non-spousal beneficiary distribution options Limitations on stretch IRAs imposed by the Secure Act of 2019 Required minimum distributions in the year of death Roth conversions for estate planning and avoiding required minimum distributions Timing of distributions for maximum tax-free compounding Qualified charitable distributions from IRAs and the relationship between deductible IRAs and QCDs under the anti-abuse rules Taxation of distributions Penalties for missed required minimum distributions and reasonable cause for abatement of penalties


Understand the calculation of required minimum distributions Understand when required minimum distributions are required Understand how to treat inherited retirement accounts and how to utilize stretch IRAs Understand the importance of designated beneficiaries of retirement accounts Discuss the process of requesting the abatement of penalties for failure to make required minimum distributions and how to correct a failure to make a required distribution Understand how to handle an incorrect Form 1099R Discuss how distributions are taxed when the retirement account has basis that can be returned free of tax

Designed For

Any tax practitioner that desires to improve customer service related to required minimum distribution compliance and planning


Jason Carney

Jason Carney, CPA, PMP, CISA, CISSP, CCSP, Esq. Thomson Reuters/Minneapolis, MN

Jason Carney, CPA, CISA, PMP, CISSP, CCSP, Esq. is a Lead Information Security Analyst with Thomson Reuters. He has more than 15 years of experience in public accounting, consulting, and industry. His specialties include information security, tax problem resolution, and data analysis. Jason has worked in Federal Finance, Information Security, and Tax.

Jason is a member of the Minnesota Bar and was a President's Scholar at the University of Saint Thomas Law School. Carney co-founded the Scott County Conciliation Clinic and represents impoverished debtors pro bono in association with the Volunteer Lawyers Network. He wrote "What is Business Intelligence and Why Should CPAs Care?" for Footnote and contributed to the upcoming What Every Lawyer Needs to Know About Client Trust Accounts.