Instructor
David Peters
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Instructor
David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA
Founder & Owner, Peters Professional Education
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA, and is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for Surgent, Kaplan, the AICPA and Don Farmer Tax Courses. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States.
He holds four master’s degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the Virginia CPA Ethics course in 2018, 2019 and 2020 – a required course for all CPAs licensed in the Commonwealth of Virginia.
Education
Certifications
Activities & Associations
Whether you are an experienced veteran or new to the industry, one of the toughest parts of being a tax practitioner is keeping up with all of the changes in tax legislation. The Keeping Up the Code series takes a look at recent changes to tax law from a practitioner perspective. We don’t just hurl code sections at you without explanation. Using examples, problems, and plain explanations, we explore a mix of new tax issues and areas of the code that tend to be misunderstood in a practical and straight-forward way. In this session, we will explore Required Minimum Distribution rules, as well as changes that have been made in light of SECURE 1, SECURE 2, and other recent IRS pronouncements.
• Identify the correct age in which RMDs need to begin after recent tax legislation
• State differences between RMDs for IRAs and Qualified Plans
• Recognize how RMDs are treated for inherited IRAs
Overview & Basics of RMDs
Examples – RBDs for IRAs vs Qualified Plans
How much needs to be taken?
Qualified Charitable Distributions (QCDs)
Inherited IRAs
Types of Inherited IRA Beneficiaries
Tax Penalties on RMDs
Summing It Up
Basic knowledge of retirement plans and IRAs
None
Financial professionals, CPAs, Enrolled Agents who want to make sure they meet the compliance requirements for RMDs in light of recent tax legislation.
