Secure Act 2.0: What you need to know

Overview

This program provides an explanation of the Secure Act 2.0 tax provisions impacting both individuals and business taxpayers.

Highlights

• Expanding Automatic Enrollment in Retirement Plans
• Increased Age for RMDs
• Higher Catch-up Contribution Limit
• Emergency Expense Penalty-Free Withdrawals
• "Starter" 401(k)s for Certain Employers
• Part-time Worker Improved Coverage
• Excise Tax Reduction for Certain Retirement Plan Accumulations
• Employee Plan Conflict Resolution Expansion
• Retroactive First Year Elective Deferrals For Sole Proprietors
• Change in Plan Requirements for Unrollees
• Surviving Spouse Election
• Reduced Tax on Excess Contributions
• Timely Plan Amendment Changes
• Elective Deferral Changes
• Employer Match as Roth Contribution

Prerequisites

None

Designed For

CPAs in public practice and industry seeking an update on the latest retirement plan tax legislation.

Objectives

• Identify and recall key compliance issues and significant changes in retirement provisions.

Preparation

None

Notice

This is an OnDemand course offered by a third-party vendor. To access the course after purchase, go to My NESCPA and then My CPE and click on My OnDemand. Individual courses are available 90 days from the date of purchase.