2014-2015 Business Pension Plan & Issues Federal Tax Update (Currently Unavailable)

Author: Vern H.

In this course, Vern discusses the current Tax Codes, cases and rules affecting pension and IRA contributions and distributions.

Publication Date: November 2014

Designed For
All tax practitioners, both public and industry, who need the latest - and necessary - tax changes for their clients.

Topics Covered

• Learning about the new "myRA" program employers may offer starting this year.
• Rejoicing about the IRS's pilot Form 5500 penalty relief program for small retirement plans.
• Reviewing all the inflation adjustments on amounts that can be contributed into all the retirement plan options, including the age-50 catch-up contribution rules.
• Seeing that the IRS is demanded retirement plans get in compliance with the Windsor decision on same-sex couples.
• Looking at a couple of cases and rulings concerning ESOPs.
• Analyzing designated Roth contribution plans.
• Reviewing IRS's hot tax topics, along with "fix'-it" guides and compliance checklists for retirement funds.
• Examining, one more time, the single-person 401(k) plan.
• Discussing if it is possible that your business can be financed by your retirement funds (ROBS).
• And closing with a review of some miscellaneous pension developments.

Learning Objectives

• Recognize key tax changes affecting the taxation of business pension plans.
• Identify numerous tax issues and provisions impacting your clients' or employer's tax returns.
• Apply various tax rates and computations to scenarios just like those you see in your office, to better prepare you for the upcoming tax season.

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
A basic understanding of tax preparation.

Advance Preparation
None