2019 Tax Filing Season Update

Price: $76.00

CPE Credits: 8.0

Category: , ,

Course Number: TXUPDAPW

2019 tax filing update

Description:
This course overviews the taxation of IRAs. It covers a variety of topics including eligibility rules for contributions of both traditional and Roth IRA as well as distribution rules. It looks at requirements and benefits of spousal IRAs, and also distinguishes between traditional and Roth IRA distribution rules. The new fiduciary requirements and standards under the DOL rule became applicable on June 9, 2018. However, at the time this course is being updated for 2018, it is unclear what the effective date for the compliance requirements under which advisers may continue to receive variable compensation will be. It may be 2018 or mid-2019.  Table of Contents
Delivery Method: QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorPaul Winn CLU ChFc

Publication: July 2018

Format: PDF
Pages: 151

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the principal individual income tax changes brought about by the Tax Cuts and Jobs Act of 2017;
  • Apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns;
  • Calculate nonexempt taxpayers’ tax penalty under the Affordable Care Act for failure to maintain healthcare coverage;
  • Recognize the federal income tax filing statuses and the criteria for their use;
  • Identify the types of income that must be recognized;
  • Apply the tax rules to the various credits and adjustments to income that are available to taxpayers;
  • Recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns; and
  • Identify the duties and restrictions imposed on tax preparers under Circular 230.

Description:
This course overviews the taxation of IRAs. It covers a variety of topics including eligibility rules for contributions of both traditional and Roth IRA as well as distribution rules. It looks at requirements and benefits of spousal IRAs, and also distinguishes between traditional and Roth IRA distribution rules. The new fiduciary requirements and standards under the DOL rule became applicable on June 9, 2018. However, at the time this course is being updated for 2018, it is unclear what the effective date for the compliance requirements under which advisers may continue to receive variable compensation will be. It may be 2018 or mid-2019.  Table of Contents
Delivery Method: QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: None

AuthorPaul Winn CLU ChFc

Publication: July 2018

Format: PDF
Pages: 151

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Identify the principal individual income tax changes brought about by the Tax Cuts and Jobs Act of 2017;
  • Apply the inflation-adjusted and other limits to the proper preparation of taxpayers’ income tax returns;
  • Calculate nonexempt taxpayers’ tax penalty under the Affordable Care Act for failure to maintain healthcare coverage;
  • Recognize the federal income tax filing statuses and the criteria for their use;
  • Identify the types of income that must be recognized;
  • Apply the tax rules to the various credits and adjustments to income that are available to taxpayers;
  • Recognize the penalties that may be imposed on a preparer for failing to meet ethical and practice standards in preparing tax returns; and
  • Identify the duties and restrictions imposed on tax preparers under Circular 230.
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