Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2024 to receive credits
Retirement Plans, Pensions and Annuities discusses the federal income tax treatment of, and limitations related to a) qualified employee plan contributions and distributions, and b) commercial annuity contracts. It examines the qualified plan limits and income taxability of: employer and employee contributions (including designated Roth account contributions); plan loans; life insurance contained in the plan; plan distributions, including distributions as periodic payments and non-periodic payments; required minimum distributions; and rollovers. The course also examines the tax treatment of lump-sum distributions and periodic payments received under commercial annuity contracts.
Publication Date: April 2021
Designed For
Tax practitioners; including Enrolled Agents and Registered Tax Return Preparers.
Topics Covered
- Principal qualified employee plan types
- Limits applicable
- Tax treatment of qualified plan contributions and distributions
- Annuity taxation
Learning Objectives
- Distinguish between the types of qualified employee plans
- Recognize the limits imposed on qualified employee plan contributions and benefits
- Describe and list the requirements applicable to qualified employee plan loans
- Identify and apply the federal tax laws to qualified employee plan contributions and distributions
- Recognize the tax treatment of nonqualified annuity distributions
- Identify the tax treatment of annuity contributions and distributions
- Recognize the maximum number of employees an employer may have and remain eligible to offer a defined benefit/401(k) hybrid plan under current law
- Differentiate the following plans must a sponsoring employer have 100 or fewer employees in order to be eligible
- Identify the amount of elective deferral is made on a before-tax basis
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Paul J. Winn
Paul J. Winn, CLU, ChFC has over thirty years experience in the life insurance and investment industry. As well as fifteen years as a financial writer, editor, and trainer. Paul has worked for Mutual Life Insurance Company of New York, Security Mutual Life Insurance Company, Principal Financial Group, and the Maryland Financial Corporation.
Paul is a Published book author, writer & editor of major mutual life insurance company's agent-training "university", and the creator of more than 100 training courses in computer-based training, print and scripted classroom formats.