Fall 2025 - Post-Workshop Exam

Fall 2025 Exam Information

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*Page numbers at the end of a question indicate where you can find
the answer in the manual from the meeting.

1. How can a surviving spouse’s tax liability potentially increase? (Manual, page 147)*

A. After the death of the first spouse, a surviving spouse will most likely have to file as a single filer in future years (assuming she does not remarry).B. Single filing taxpayers move into higher tax brackets more rapidly than married couples filing a joint return.C. A surviving spouse may be more likely to get hit with higher IRMAA surcharges.D. All of the above

2. What is the current required beginning date (RBD) for taking IRA required minimum distributions? (Manual, page 149)*

A. December 31 of the year a person turns 73.B. April 1 of the year a person turns 73.C. April 1 of the year after the year a person turns 73.D. April 15 of the year after the year a person turns 73.

3. How is the year-of-death RMD paid out when there are multiple IRA beneficiaries? (Manual, pages 149 - 150)*

A. The year-of-death RMD must be paid out pro-rata among the beneficiaries.B. Any of the beneficiaries can take the entire year-of-death RMD.C. There is never a year-of-death RMD when a person dies after the required beginning date.D. The year-of-death RMD is always paid to the estate of the deceased IRA owner.

4. What is the deadline for taking the year-of-death RMD to avoid a penalty? (Manual, page 151)*

A. December 31 of the year of death.B. The beneficiary’s tax filing deadline, not including extensions.C. The beneficiary’s tax filing deadline, including extensions.D. December 31 of the year after the year of death.

5. With a spousal rollover, how can the assets be moved from the deceased IRA owner’s account to the spouse’s IRA? (Manual, page 152)*

A. The assets can be moved via direct transfer.B. The assets can be moved via 60-day rollover.C. Both A and B are correct.D. With a spousal rollover, the assets always remain in the original IRA.

6. If a spouse elects to maintain an inherited IRA (as opposed to doing a spousal rollover), when do RMDs begin on the inherited IRA? (Manual, page 155)*

A. When the deceased IRA owner would have been RMD age.B. When the surviving spouse reaches RMD age.C. Spouse beneficiary RMDs always begin the year after the year of death.D. Spouse beneficiaries never have RMDs on inherited IRAs.

7. What is the deadline to recharacterize an IRA contribution? (Manual, page 186)*

A. December 31 of the year of the contribution.B. April 15 of the year after the year of the contribution.C. October 15 of the year after the year of the contribution.D. December 31 of the year after the year of the contribution.

8. Which of the following is NOT a change made to Health Savings Accounts (HSAs) by OBBBA? (Manual, page 104)*

A. Permanent extension of the rule allowing plans to be considered High Deductible Health Plans (HDHPs) despite not having a deductible for telehealth services.B. Expansion of HSA eligibility to include those enrolled in Bronze and Catastrophic plans available on state and federal insurance exchanges under the Affordable Care Act.C. Higher HSA contribution limits.D. Individuals with HDHPs may enroll in Direct Primary Care (DPC) arrangements while remaining HSA eligible, provided the monthly fee for DPC services does not exceed $150 for individuals or $300 for families.

9. Tom and Jane are married (filing joint) and are both aged 68. Neither of them has begun receiving their Social Security benefits. Their MAGI for 2025 is $70,000. How much can they deduct with the new senior deduction under OBBBA? (Manual, page 88)*

A. $6,000B. $12,000C. $20,000D. They are not eligible because they are not receiving Social Security benefits.

10. Starting January 1, 2026, OBBBA increases the annual limit for K-12 expenses that can be paid with tax-free distributions from a 529 plan to what amount? (Manual, page 100)*

A. $10,000B. $15,000C. $20,000D. $25,000

11. Graham established a Roth IRA in 1998. His wife, Angela, established her first Roth IRA in 2023. Graham dies in 2025 and Angela, age 66, does a spousal rollover. When can Angela take a qualified distribution of earnings from this Roth IRA? (Manual, page 124)*

A. 2025B. 2028C. 2030D. 2035

12. Which of the following statements about trust planning for a special needs spouse beneficiary is TRUE? (Manual, pages 143 - 145)*

A. Under the SECURE Act, the ability to use the stretch for chronically ill or disabled spouse beneficiaries is available with an “applicable multi-beneficiary trust (AMBT).”B. A trust can help preserve government benefits for a special needs spouse beneficiary.C. Using life insurance or converting to a Roth IRA can be good strategies to fund an AMBT.D. All of the above are true.

13. Which IRA funds can be rolled over to an employer plan with a reverse rollover? (Manual, page 195)*

A. Only Roth IRA fundsB. Only pre-tax traditional IRA fundsC. Only after-tax traditional IRA fundsD. All Roth and traditional IRA funds

14. In which of the following situations should a trust be considered, instead of naming a spouse directly as IRA beneficiary? (Manual, page 138 - 139)*

A. There is a state estate tax issueB. There are concerns about a spouse remarryingC. There are concerns about a spouse not being able to manage moneyD. All of the above

15. True or false? When funds are being directly rolled over from a Roth plan to Roth IRA, the plan administrator must report the year of the first Roth plan contribution on Form 1099-R. (Manual, pages 198-199)*

A. TRUEB. FALSE

16. What is the earliest date that contributions to Trump accounts can be made? (Manual, pages 112 - 113)*

A. January 1, 2026B. July 1, 2026C. July 4, 2026D. The IRS has not issued guidance on that date.

17. Which of the following statements about SEP and SIMPLE IRA plans is FALSE? (Manual, pages 167 - 171)*

A. SEP and SIMPLE IRA plan participants can use the “still-working exception” to defer RMDs until retirement.B. SEP and SIMPLE IRAs can be aggregated with traditional IRAs when calculating RMDs.C. If the employer allows, SEP and SIMPLE IRA contributions can be made to Roth IRAs.D. SEP plans only allow employer contributions, but SIMPLE plans allow both employer contributions and elective deferrals.

18. Which of the following statement (or statements) about plan loans is TRUE?(Manual, pages 208 - 211)*

A. Plans can allow participants to have more than one loan at a time.B. Plans cannot set a minimum loan amount.C. Most plan loans are repaid by coupon payments.D. There are no special plan loan rules for federally-declared disasters.

19. Which of the following rules must be followed in order for a plan loan to avoid taxation? (Manual, pages 207 - 211)*

A. The terms of the loan must be set forth in a legally enforceable agreement.B. The amount of the loan must not exceed the maximum limit in the tax code.C. The term of a nonresidential loan must not exceed five years.D. All of the above

20. True or False. A plan loan made to a “disqualified person” can never be considered a prohibited transaction. (Manual, page 214)*

A. TRUEB. FALSE

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Fall 2025 - Exam Completed

The Fall 2025 Post-Workshop Exam