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The CARES Act provides for expanded distribution options and favorable tax treatment for up to $100,000 of coronavirus-related distributions ("CRDs") from eligible retirement plans (certain employer retirement plans, such as section 401(k) and 403(b) plans, and IRAs) to qualified individuals, as well as special rollover rules with respect to such distributions. It also increases the limit on the amount a qualified individual may borrow from an eligible retirement plan (not including an IRA) and permits a plan sponsor to provide qualified individuals up to an additional year to repay their plan loans. 

Join Jeremias Ramos, CPA to learn: 

  • Which IRA and Qualified distributions can be treated as CRD
  • The tax benefits of CRD
  • How the distributions can be claimed as income over 3 years
  • How distributions can be repaid 
  • What clients should consider this year

CE Eligible: Yes. CE is provided for CFP, CLU, CHFC and RICP designations. 

CPE Eligible: Participants will earn 1 CPE credit

Field of Study: Specialized Knowledge

Prerequisites: There are no prerequisites for this session.

Advanced Preparation: None

Program Level: Basic

Delivery Method: Group Internet Based

 

NASBA Approved

Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.