2023 Tax Legislation: The Secure Act 2.0
Available Until
On-Demand Only
2.00 Credits
Member Price $79.00
Non-Member Price $109.00
Overview
Description:
After a false start in 2022 when it failed to pass through Congress, the Secure Act 2.0 was passed in a flurry of year-end legislation. This two hour program will cover the important changes in savings and distributions of retirement plans that impact individuals. Employers will also need to consider how Secure Act 2.0 will the administration of existing plans or the creation of new ones. This course will provide a concise look at these hot topics.
Learning Objective(s):After attending this presentation you will be able to . . .
- Understand the newest tax developments contained in in the Secure Act 2.0.
- Become knowledgeable about the new provisions modifying the administration of employer retirement plans.
- Learn about the expanded contribution and catch-up limits for individuals.
- Obtain understanding on the new required beginning dates for distributions.
- Understand the newest developments on required minimum distribution dates.
Program Content:
- Implications for individuals
- Changes to the Saver’s Credit
- Changing the required minimum distribution rules for Roth 401(k)s
- Changes to required beginning dates for required minimum distributions of retirement plans.
- Penalty-Free Withdrawals for Certain Emergency Expenses
- Special provisions for firefighters and military personnel spouses
- Increases in catch-up contributions
- Impact on 529 plans
- Opportunities for student loan payment matching
- Implications for Employers
- Starter § 401(k) plans for small employers
- Requiring automatic 401(k) enrollment
- Improving worker access to emergency savings
- Increasing part-time workers’ access to retirement accounts
- Statute of Limitations on excise taxes imposed on overcontributions to retirement plans
- Multiple employer §403(b) plans
- Automatic portability provisions
- Other changes in the administration of company retirement plans
Who Should Attend:
This course is suitable for Corporate tax and finance executives, directors, managers and staff, CPAs, CAs Enrolled Agents, accountants
Developed by:
Allison M. McLeod, LL.M., CPA. A PLLC
Instructor:
Allison McLeod
Highlights
Prerequisites
None
Designed For
Preparation
None
Leader(s):
Leader Bios
Allison McLeod, Business Professionals Network Inc ACPEN
Allison McLeod, CPA, JD Professor Allison McLeod is currently a full-time Senior Lecturer at the University of North Texas, and has taught classes in Corporate Income Taxes, Multi-jurisdictional Taxation, Individual Taxes, Tax Research, Ethics and Financial Accounting. Prior to going into academia, she worked for 18 years in industry and in a Big Four accounting firm. Professor McLeod earned a law degree from Baylor School of Law, and an LL.M. degree in Taxation from Southern Methodist School of Law. She has been a licensed CPA since 1993 and has been licensed to practice law since 1992. She is a member of the Professional Ethics Committee for the Texas Society of CPAs and works part time for the Dallas law firm of Grable Martin Fulton, PLLC.
Non-Member Price $109.00
Member Price $79.00