On July 19, 2024, the IRS issued long-awaited Final and Proposed Regulations for Retirement Plan Distributions.  The regulations include some significant changes from Proposed Regulations previously issued early in 2022, and details for changes enacted in SECURE 2.0 Act of 2022. Michael Gray, CPA will explain highlights of the changes as they relate to estate planning and handling retirement accounts after a death, focusing on the surviving spouse and other beneficiaries.

Developments to be covered include:

• What required minimum distribution rules apply to an inherited account

• New distribution requirements for a surviving spouse's inherited account

• When a surviving spouse should roll over an inherited account; when to wait

• Required minimum distributions continue for most inherited accounts when account owner dies after the required beginning date

• In some cases, the beneficiaries who get shares of an inherited account can be designated in a will or trust instrument

• New planning opportunities for disabled and chronically ill beneficiaries

Seminar Details:

• When: February 13, 2025 at 12:00 pm

• Where: Online Webinar

• Presenters: Michael Gray, CPA

• MCLE Credit for General Substantive Law: 1.0 Units

• MCLE Credit Specialization: 1.0 Unit in Specialized area

About the Presenter:

Michael Gray has been a CPA in California since March 1977.  He is a past president of the Silicon Valley San Jose CPAs, past chairman of the tax committee for the Silicon Valley San Jose CPAs and past member of the state tax committee for the California CPAs. 

Mike has given many presentations and written many articles on tax subjects, including for the California Society of CPAs, Silicon Valley Bar Association, Santa Clara County Estate Planning Council and Santa Clara County Bar Association.  He has been quoted by the Wall Street Journal, the New York Times, Silicon Valley Business Journal, San Francisco Chronicle, San Jose Mercury News and others.  He was also featured on KNTV news.

The areas of practice that Mike has focused on include tax planning for individuals, estate and trust planning and administration, tax planning for businesses, tax examinations, and tax procedure.  He also assists other tax practitioners in dealing with complex tax issues.

Currently, Mike provides technical support to CPAs, EAs and attorney on complex tax issues and assistance with reviewing income tax returns.  He is also a marketing coach and writes marketing promotions, including for web sites, blogs, emails and mailed promotional campaigns.

He writes a monthly email newsletter, Michael Gray, CPA’s Tax and Business Insight.  Currently, subscriptions are free at www.taxtrimmers.com.  His tax blog is at www.michaelgraycpa.com and his marketing blog is at www.tinyurl.com/busalchemy.

Mike will soon issue the 2025 edition of his book, How to Use Roth and IRA Accounts To Provide A Secure Retirement, available at amazon.com or rothirainvestingbook.com.

Be sure to renew your membership prior to attending any event to receive the member discount.

Registration fee:
$30 SVBA Members
$ 50 - Non-Members
We cannot offer refunds after 2/10/25