IRAs and Retirement Accounts for Life-changing Events: Marriage, Divorce, Retirement and Death (ILCE)

Denise Appleby, CISP, CRC, CRPS, CRSP, APA, Heather Schreiber, RICP, Mike Tucker, CPA, LL.M.
  • 3
  • Basic
  • Taxes

Individual course: $99
Best Value: All-Star Tax Season Pass
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Tax practitioners are often challenged when trying to determine which rules apply to IRAs owned by clients who get married, get divorced, retire, attain age 70½ or die.  This program summarizes and explains those rules so tax practitioners can understand which IRA rules apply to these life-changing events.  Because the governing tax code and other authoritative sources are complex, our panelists will present the topics simply and in plain English to help ensure understanding and provide practical solutions that tax professionals can use in their practices.

Major Topics:

  • When an IRA owner can take a distribution without an early distribution penalty – highlighting IRA vs. 401(k) exceptions
  • The proper way to split IRAs as part of a divorce settlement
  • How to preserve the tax-deferred status of inherited IRAs
  • The importance of a designated beneficiary
  • Tax-efficient required minimum distribution strategies
  • Choosing the right distribution options for a spouse beneficiary

Learning Objectives

  • Understand the tax aspects of IRA distributions to IRA owners, spouses of IRA owners, ex-spouses of IRA owners, designated beneficiaries and those inheriting IRAs
  • Advise clients regarding IRA ownership and IRA distributions that occur because of life-changing events such as marriage, divorce, retirement and death.

Tax practitioners who anticipate advising clients with respect to how and when a taxpayer can take a distribution from an IRA to minimize tax on the distribution





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