IRA Withdrawals

IRA withdrawals can trigger far more than ordinary income tax. This CPE course examines the rules that govern distributions from traditional, Roth, rollover, inherited, SEP, and SIMPLE IRAs, with emphasis on rollover mechanics, sixty-day deadlines, restorative payments, basis recovery, and the tax treatment of actual and constructive distributions. It also explains how required minimum distributions are determined, when transfers incident to divorce can be made tax free, and how inherited IRA payout rules apply after an owner’s death.

The webcast also addresses the penalty landscape and the exceptions practitioners need to know. You’ll review early distribution penalties, excess contribution and excess accumulation penalties, first-time homebuyer and education exceptions, substantially equal periodic payment rules, disaster and SECURE 2.0 relief provisions, qualified charitable distributions, and planning considerations around whether benefits should be minimized or accelerated. For tax professionals advising individuals and families, this is a practical review of the withdrawal rules that most often create reporting issues, planning opportunities, and costly mistakes.