IRS Notice 2022-6 FLEXCAST

Overview

In this latest course from Lawrence Pon (CPA/PFS), he will be taking you through some of the recent IRS guidance through IRS Notice 2022-6, issued in January of 2022. This notice updates the guidance for IRC Section 72(t), also known as the Substantially Equal Periodic Payments or SEPP. This course will serve as a comprehensive overview.

Highlights

SEPP. Exceptions to early distribution penalty. Fixed annuitization method. Notice 2002-62. Life expectancy tables. Private letter rulings. Planning considerations.

Prerequisites

None.

Designed For

CPAs, financial professionals, enrolled agents and attorneys.

Objectives

Overview of IRS Notice 2022-6. Overview of SEPP. Exceptions to early distribution penalty. RMD method. Fixed amortization method. Notice 2002-62. Change in interest rate. Early IRA Distributions - avoiding the 10% Penalty. New life expectancy tables. Roth conversion and SEPP. Retirement assets and change in method. Account being completely depleted. Private letter rulings. When to fulfill obligation to take SEPP. Other planning considerations.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.