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. This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.
Learning Objectives
After attending this presentation, you will be able to...
- Recognize what constitutes digital assets.
- Determine the differences between cryptocurrency and NFTs.
- Identify the IRS forms needed to report digital asset contributions.
- Calculate the value of the contribution.
- Compare differences in required substantiation based on the amount of the contribution.
- Recall the latest rulings by the Treasury Department and courts on these contributions.
Major Topics
The major topics covered in this class include:
- Introduction to Schedules K-2 and K-3
- Review the filing requirements
- Discuss the different parts of the schedules and what needs to be included
