Self-Study
3
Basic
Taxes
There are no prerequisites.

Course Description

This course discusses the federal income tax treatment of and limitations related to qualified employee plan contributions and distributions and 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 nonperiodic payments; required minimum distributions; and rollovers. Also covered are the tax treatment of lump-sum distributions and periodic payments received under commercial annuity contracts.



Instructor

Paul Winn

Paul Winn CLU ChFC is a writer with more than 30 years experience in the life insurance and securities industry as an agent/registered representative, an agency head, a marketing vice president for a life insurance company and the president of a corporate registered investment adviser. He was a long serving member of the advisory board to the New York State insurance department. He is a published book author and creator of more than 200 taxation, insurance and securities training courses.



Course Specifics

Taxes
Jan 16, 2020
There are no prerequisites.
SS8162547
61
None


Compliance Information

103220
IRS Provider #: 0MYXB
IRS Course ID: 0MYXB-T-00949-16-S
IRS Federal Tax Law Credits: 3
CTEC Provider #: 2071
CTEC Course ID: 2071-CE-0922
CTEC Federal Tax Law Credits: 3
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • List the types and characteristics of qualified employee plans.
  • Identify the limits imposed on qualified employee plan contributions and benefits and the rules governing rollovers to and from qualified employee plans.
  • Cite the requirements applicable to qualified employee plan loans and their tax treatment.
  • Explain the rules governing rollovers to and from qualified employee plans.

Chapter 2

  • Identify the tax treatment of loans from qualified plans.
  • Cite the federal tax laws to qualified employee plan contributions and distributions.

Chapter 3

  • List the principal types of annuities.
  • Identify the principal characteristics of deferred and immediate annuities.
  • Identify the tax treatment of annuity contributions, distributions taken as an annuity, surrenders, loans, and withdrawals.


Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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