Retirement Plans, Pensions, and Annuities (Currently Unavailable)

Author: Paul J. Winn

CPE Credit:  3 hours for CPAs
3 hours Federal Tax Related for EAs and OTRPs
3 hours Federal Tax Law for CTEC

Employer-sponsored retirement plans, generally referred to in the aggregate as qualified employee plans, constitute one of the important "legs" of the retirement stool that individuals look to for their income in retirement. The other two legs of that stool are personal savings—through investment in securities, deferred annuities, savings accounts, etc.—and Social Security retirement benefits. This course will examine qualified employee plans, their limits and their tax treatment along with a discussion of annuities and their taxation.

Publication Date: March 2012

Designed For
Registered tax return preparers and tax practitioners advising clients on qualified plan and annuity matters.

Topics Covered

  • Qualified Retirement Plans
  • Tax Treatment of Qualified Plans
  • Annuities

Learning Objectives

  • Identify the types and characteristics of qualified employee plans;
  • Define the limits imposed on qualified employee plan contributions and benefits;
  • Identify the requirements applicable to qualified employee plan loans and their tax treatment;
  • Define the rules governing rollovers to and from qualified employee plans;
  • Apply the federal tax laws to qualified employee plan contributions and distributions;
  • List the principal types of annuities and their characteristics; and
  • Recognize how annuity contributions and distributions are taxed.

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (3 hours)

Program Prerequisites
None

Advance Preparation
None

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