Cart empty

Fast, Easy and Affordable Continuing Education for Accountants!

Our Amazing Sales & Support: 888-479-4574

Fast Track Retirement Planning 2019 - 24 CPE Credit Hours

Email
This course is essential for participants who wish to attain a comfortable retirement for themselves and their clients by maximizing tax saving strategies. Retirement income needs are calculated; net after-tax Social Security benefits are determined; and distribution options from IRAs and retirement plans are explored. Special consideration is given to the tax treatment of the home and business on retirement. Buy-sell agreements are discussed and eldercare planning is examined.
$71.95
Download

Fast Track Retirement Planning 2019 - 24 CPE

fast_track_retirement_planning_2019_24_cpe_fe_na.pdf
Price: No additional charge

Manufacturer: Santucci

We are all (including tax practitioners) getting older, and the need for effective retirement planning has never been greater. This course is essential for participants who wish to attain a comfortable retirement for themselves and their clients by maximizing tax saving strategies. Retirement income needs are calculated; net after-tax Social Security benefits are determined; and distribution options from IRAs and retirement plans are explored. Special consideration is given to the tax treatment of the home and business on retirement. Buy-sell agreements are discussed and eldercare planning is examined.

Completion Deadline & Exam: This course, including the examination, must be completed within one year of the date of purchase. In addition, unless otherwise indicated, no correct or incorrect feedback for any exam question will be provided.

Course Level: Overview. This program is appropriate for professionals at all organizational levels.

Field of Study: Taxes

Prerequisite: General understanding of federal income taxation.

Advanced Preparation: None

Learning Assignments & Objectives

As a result of studying each assignment, you should be able to meet the objectives listed below each assignment.

ASSIGNMENT                  SUBJECT

Chapter 1                      How Much Do You Need To Retire?

At the start of Chapter 1, participants should identify the following topics for study:

* Mapping mechanics

* Common pitfalls

* Popular retirement myths

* Defining retirement

* Developing a plan

* Savings

* Assets

Learning Objectives

After reading Chapter 1, participants will able to:

1. Recognize the importance of personal retirement maps to suit client objectives & lifestyles and summarizethe basic guidelines of retirement planning, including common pitfalls and misconceptions of retirement.

2. Determine retirement using the major levels of retirement and key questions that have financial and personal ramifications.

3. Identify retirement costs and income needs of clients based on their current budget, recognize tax savings strategies and identify guidelines when purchasing investment assets.

After studying the materials in Chapter 1, answer the exam questions 1 to 21.

ASSIGNMENT                  SUBJECT

Chapter 2                      Social Security Benefits & Retirement Planning

At the start of Chapter 2, participants should identify the following topics for study:

* Will Social Security be there?

* How Social Security works

* Social Security participants

* Social Security benefits

* Retirement benefits

* Direct deposit

* Social security tax

* Total disability benefits

* Survivors’ benefits

* Medicare

Learning Objectives

After reading Chapter 2, participants will able to:

1. Determine how Social Security funds are assessed and then paid, specify the system’s mechanics, and select qualified Social Security participants determining their benefit eligibility.

2. Identify the requirements to receive Social Security retirement benefits, and determine clients’ retirement benefits following a multi-step calculation process.

3. Recognize Social Security taxes, their tax rates, and covered earnings allowing better retirement planning.

4. Specify the eligibility requirements of Social Security disability benefits and survivors’ benefits, and determine what constitutes Medicare Part A and Medicare Part B recognizing their qualifications.

After studying the materials in Chapter 2, answer the exam questions 22 to 36.

ASSIGNMENT                  SUBJECT

Chapter 3                      Retirement Plans

At the start of Chapter 3, participants should identify the following topics for study:

* Qualified deferred compensation

* Basic requirements of a qualified pension plan

* Basic types of corporate plans

* Types of defined contribution plans

* Self-employed plans - Keogh

* Distribution & settlement options of IRAs

* Tax-free rollovers for IRAs

* Roth IRAs

* Simplified employee pension plans (SEPs)

* SIMPLE plans

Learning Objectives

After reading Chapter 3, participants will able to:

1. Identify nonqualified and qualified deferred compensation plans specifying their benefits and contributions limits and recognize the current and deferred advantages and disadvantages of corporate plans including fiduciary responsibilities and prohibited transactions.

2. Specify the requirements of the basic forms of qualified pension plans.

3. Determine the differences between defined contribution and defined benefit retirement plans and specify several types of defined contribution plans recognizing their impact on retirement benefits.

4. Recognize self-employed plans from qualified plans for other business types and owners.

5. Identify the requirements of IRAs, SEPs, and SIMPLEs and tax-free Roth IRA distributions specifying strategies to maximize plan benefits.

After studying the materials in Chapter 3, answer the exam questions 37 to 56.

ASSIGNMENT                  SUBJECT

Chapter 4                      Distributions from Retirement Plans

At the start of Chapter 4, participants should identify the following topics for study:

* Prior law for annuity payments

* Mandatory basis rule for annuity payments

* Nonqualifying lump-sum distributions

* Treatment options for lump-sum distributions

* Eligible rollover distributions

* 20% withholding

* Rollover period

* Premature distributions

* Minimum distribution rules

* Making charitable gifts with plan balances

Learning Objectives

After reading Chapter 4, participants will able to:

1. Identify popular ways to receive distributions from a retirement plan or an IRA, specify types of annuities citing their effect on how and when participants receive payments and determine the tax on annuity payments under the general rule or the simplified general rule.

2. Determine what constitutes a lump-sum distribution permitting clients to receive special tax treatment on such distributions.

3. Recognize the key components of rollovers that can be used to reinvest cash or other assets without including the amount in income.

4. Specify the tax consequences of taking premature distributions stating how to avoid the 10% penalty.

5. Identify the minimum distribution rules and ways to avoid the 50% penalty associated with either taking smaller distributions than required or with taking distributions after the required beginning date for minimum distributions.

After studying the materials in Chapter 4, answer the exam questions 57 to 68.

ASSIGNMENT                  SUBJECT

Chapter 5                      Nonqualified Plans

At the start of Chapter 5, participants should identify the following topics for study:

* Postponement of income

* Purposes & benefits

* Constructive receipt

* Economic benefit

* Funded company account plan

* Segregated asset plan

* Tax consequences

* Accounting

* Estate planning considerations

* Withholding, Social Security & IRAs

Learning Objectives

After reading Chapter 5, participants will able to:

1. Recognize the postponement of income with a nonqualified plan by:

a. Identifying nonqualified plan advantages including ways to design the plans and specifying the IRS’s position on such arrangements stating the impact of constructive receipt and economic benefit concepts;

b. Specifying deferred compensation patterns set forth in R.R. 60-31 citing the taxability of each; and

c. Determining unfunded and funded plans stating the use of company assets or bookkeeping accounts to avoid employee taxation.

2. Identify the set up of a segregated asset plan where the account is not subject to the claims of the employer’s creditors and still avoids employee taxation and specify the tax consequences of establishing a nonqualified plan.

After studying the materials in Chapter 5, answer the exam questions 69 to 77.

ASSIGNMENT                  SUBJECT

Chapter 6                      Life Insurance, Annuities & Buy-sell Agreement

At the start of Chapter 6, participants should identify the following topics for study:

* Taxes

* Types of life insurance

* Life insurance trusts

* Annuities

* Buy-sell agreements

* Purchase price & terms

* Community property

* Professional corporations

* S corporations

* Sole shareholder planning

Learning Objectives

After reading Chapter 6, participants will able to:

1. Specify reasons to purchase life insurance and the parties with rights in a life insurance policy.

2. Recognize the tax treatment of life insurance proceeds by:

a. Identifying the tax treatment of premiums and lifetime benefits stating several exceptions to the transfer for value rule and specifying variables that influence whether life insurance is taxable for federal estate tax purposes; and

b. Determining the gift tax associated with transfers of life insurance policies.

3. Identify the pros and cons of types of life insurance policies to help clients choose a suitable policy.

4. Specify the reasons for using an irrevocable life insurance trust in an estate plan identifying trust considerations and the differences between deferred and private annuities.

5. Determine what constitutes entity purchase and cross-purchase buy-sell agreements recognizing tax and legal advantages.

After studying the materials in Chapter 6, answer the exam questions 78 to 93.

ASSIGNMENT                  SUBJECT

Chapter 7                      Home Sales & Moving Expenses

At the start of Chapter 7, participants should identify the following topics for study:

* Capital gains rates

* Rate groups

* AMT

* Home sales under §121

* Special rules for ownership & use requirements

* Prorata exception

* 1099-S reporting

* Distance & time tests for moving expenses

* Deductible moving expenses

* Reporting moving expenses

Learning Objectives

After reading Chapter 7, participants will able to:

1. Determine the relationship between home sales and the capital gains rates and specify the rate “baskets” created by the capital gain provisions stating the tax treatment of capital assets in each category.

2. Recognize the key elements and application of the §121 home sale exclusion and identify safe harbor regulations associated with the home sale exclusion.

3. Identify when a taxpayer meets distance and time tests for pre-2018 deductible moving expenses under §217.

After studying the materials in Chapter 7, answer the exam questions 94 to 103.

ASSIGNMENT                  SUBJECT

Chapter 8                      Estate Planning

At the start of Chapter 8, participants should identify the following topics for study:

* Unlimited marital deduction

* Applicable exclusion amount

* Stepped-up basis

* Basic estate planning goals

* Simple will

* Types of trusts

* Charitable trusts

* Insurance trusts

* Family documents

* Private annuities

Learning Objectives

After reading Chapter 8, participants will able to:

1. Determine what constitutes estate planning for clients by:

a. Identifying elements of estate tax planning that have remained unchanged by recent legislation;

b. Recognizing the unlimited marital deduction and its effect on the gross estate of the value of property; and

c. Specifying the applicable exclusion amounts for various years of death.

2. Identify the concepts of “stepped-up basis” an

Reviews

There are yet no reviews for this product.
The 7 Irrefutable Rules of Small Business Growth - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. PLEASE SEE DETAILS. Starting a small business and making it a success isn’t easy. In fact, most small business owners don’t get rich and many fail. This book presents the straight truth on small business success.
Social Security Medicare & Government Pensions - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. PLEASE SEE DETAILS. Everyone wants to get the highest possible retirement and pension income – not to mention the best medical coverage. Turn to the completely updated 17th edition of Social Security, Medicare & Government Pensions to discover the benefits you're entitled to
Fraud 101 - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. PLEASE SEE DETAILS. Fraud 101, Third Edition serves as an enlightening tool for you, whether you are a business owner or manager, an accountant, auditor or college student who needs to learn about the nature of fraud. In this invaluable guide, you will discover and better un
Bookkeeping for Nonprofits - 20 CPE Credit Hours
$59.95
NOT AN ONLINE COURSE! NOT TEXAS COMPLIANT. PLEASE SEE DETAILS. Bookkeeping for Nonprofits is a hands-on guide that offers nonprofit leaders, managers, and staff the tools they need to create and maintain a complete and accurate set of accounting records. This much-needed resource provides those with little or no book
$99 Unlimited CPE Subscription
$99.00
Take all the CPE you need with our $99 Unlimited CPE Subscription! 365 Days access to all of our CPE courses allows you to get as much CPE Credit as you choose!
Defensive Divorce 2017 - 24 CPE Credit Hours
$71.95
When someone is going through the trauma of a divorce they often do not realize that there are severe tax implications when making decisions such as: (1) When to separate, (2) When to file for the divorce, (3) How to handle child support and alimony,
Defensive Divorce 2018 - 24 CPE Credit Hours
$71.95
When someone is going through the trauma of a divorce they often do not realize that there are severe tax implications when making decisions such as: (1) When to separate, (2) When to file for the divorce, (3) How to handle child support and alimony,
Defensive Divorce 2019 - 24 CPE Credit Hours
$71.95
This course will teach participants how to apply, implement, and evaluate the strategic tax aspects of marital dissolutions and living together arrangements. Current perspectives on property transfers, asset divisions, alimony, filing status, exemptions, and child support are examined with an emphasis on planning considerations.

Our CPE Is Accepted In:

 
Our CPE is currently accepted in: AL, AK, AZ, CA, CO, CT, DE, GA, ID, IN, IA, KY, ME, MD, MA, MI, MO, MT, NV, NH, NM, ND, OK, PA, RI, SD, TX, UT, VT, VA, WA, WI, WY
 
Coming Soon 
NY
 
Coming Soon
NASBA

Testimonials

 
I already finished about 80 CPE and passed all the quizzes. Highly Appreciated!
Nael CPA
 
 
Thank you very much. Appreciate your prompt response. Have a great day.
Linda CPA
 
 
I chose your company because of the price, and I'm certainly happy with that!  I am thankful that there is CPE that is so affordable.  Thanks for responding!
Rebecca CPA
 

Login Form

If you see "invalid token" please press ctrl+shift+R and then login again. (you can Click Here for an explanation)