Use Landscape to see Search/Filter
Item Types:
Field of Study:
CPE Hours:
Course Details

Family Tax Planning (Course Id 109)

QAS / Registry / EA   Add to Cart 
Author : Danny C Santucci, JD
Status : Production
CPE Credits : 24.0
IRS Credits : 24
Price : $145.95
Passing Score : 70%
Course Type: NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents
Primary Subject-Field Of Study:

Taxes - Taxes for Course Id 109

Description :

While the nuclear family remains the center point of society, today it is under tremendous economic and social pressure. This family tax planning course is designed to cover “hot” topics having a direct impact on the practitioner who represents any client with family issues. These CPE online tax planning classes emphasize using tax solutions to ease family economic concerns permitting the practitioner to be a real tax hero.

Usage Rank : 0
Release : 2020
Version : 1.0
Prerequisites : General understanding of federal income taxation.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 03-Jul-2020
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - Text - Technical - NASBA Registry - IRS Enrolled Agents - 109

Keywords : Taxes, Family, Tax, Planning, cpe, cpa, online course
Learning Objectives :
    To view Learning Objectives, please Click here.
Course Contents :

Chapter 1 - Basic Marital Tax Matters

Filing Status

Marital Status


Abandoned Spouse Rule - 7703


Same-Sex Marriage

Joint Return



Innocent Spouse Exception

Refund Offset Program - 6402

Injured Spouse - Form 8379

Separate Returns

Itemized Deductions

Medical Expenses

Property Tax & Interest

State Income Taxes

Casualty Loss

Separate vs. Joint Dilemma

Disadvantages of a Separate Return

Advantages of a Separate Return

Joint Return After Separate Returns

Head of Household


Considered Unmarried

Keeping Up a Home

Qualifying Person

Nonresident Alien Spouse

Exemptions & Phaseout (Suspended)

Phaseout of Exemptions

Personal Exemptions


Former Spouse

Dependency Exemptions

Dependency Before 2005

Five Tests

Test #1 - Relationship

Household Member

Test #2 - Income

Dependent Child Income Exception

Definition of a Child

Definition of a Student

Test #3 - Citizen or Resident

Test #4 Married Person

Test #5 - Support

Regular Method

Special Support Method for Children of Divorced or Separated Parents

Back Child Support

Dependency After 2004 & Before 2018 Suspension

Four Tests

Test #1 - Residency (or Time) & Citizenship

Children of Divorced or Separated Parents

Test #2 - Relationship Test

Test #3 - Age Test

Test #4 - Joint Return Restriction

Medical Expenses

Child-Care Credit


Divorce Costs

Tax Advice - 212(3)

Fees to Obtain Alimony or Protect Income - 212(1) & (2)

Fees to Obtain Property - 1012 & 1016

Nondeductible Expenses

Withholding & Estimated Tax

Joint Estimated Tax Payments

Refunds & Deficiencies

Nonresident Alien Spouse Withholding

Marital Property

Common Law Property

Equitable Distribution

Community Property

Community Property States



Income Reporting

Spouses with Different Residency Statuses

Special Income Rules For Spouses Living Apart - 66(a) & 879

Mandatory Application

Earned Income

Social Security Benefits

Other Income

Denial of Community Property Reporting - 66(b)

Community Reporting Relief Provisions - 66(c)

Ending the Community



Alimony vs. Community Income

Living Together

Married v. Unmarried Tax Rate Comparison

Sham Divorce

Dependency Exemptions

Attributable Income

Alimony & Property Divisions

Chapter 2 - Children

Child Tax Credit - 24

Credit Amount

Refundable Child Care Credit Amount

AMT & Child Tax Credit

Qualifying Child


Maximum Allowable Child Credit

Children's Income


Standard Deduction for Dependent Children - 63

Kiddie Tax on Unearned (Investment) Income - 1(g)

Application, Threshold & Impact of Suspended Rule


AMT Exemption for Children - 59(j)

Tax Computation Steps

Other  "Kiddie Tax'  Items

Adoption Credit- 23 & 137

Exclusion from Income for Employer Reimbursements

Child or Dependent Care Credit - 21


Qualifying Person

Qualified Child

Child of Divorced or Separated Parents

Physical Custody Determinative

Limited Application of Release of Claim to Exemption - Form 8332

Keeping up a Home Requirement Gone



Elimination of Maintaining a Home Requirement After 2004

Earned Income

Employment Related Expenses

Working or Looking for Work

Work for Part of Year

Payments While Out Sick

Care of a Qualifying Person


Household Services

Qualifying Out-of-the-Home Expenses


Payments to Relatives

Allowable Amount

Reduction for Dependent Care Assistance


Cleaning Services

Dependent Care Assistance - 129

Amount of Assistance


55% Test


Conflict with Dependent Care

Chapter 3 - Education

Work-Related Educational Expenses - 162

Qualifying Education



Temporary Absence

Education Required by Employer or by Law

Education to Maintain or Improve Skills

Nonqualifying Education

Education to Meet Minimum Requirements

Kersey Case Example

Requirements for Teachers

Certification in a New State

Education to Qualify for a New Trade or Business

Bar or CPA Review Course

Qualifications for Teachers

Deductible Educational Expenses

Unclaimed Reimbursement

Transportation Expenses


Travel Expenses

Cruises & Conventions

Meal Expenses

Travel as Education

Education Expense Credits - 25A

HOPE (with American Opportunity modifications) Credit

Phase Out



Eligible Students

Eligible Expenses

Timing the Credit

Eligible Educational Institutions

Notice 97-60 on the Hope Scholarship Credit

Lifetime Learning Credit

Phase Out

Eligible Students


Timing the Credit

Eligible Expenses

Eligible Educational Institutions

Comparison with Hope (American Opportunity) Credit

Notice 97-60 on the Lifetime Learning Credit

Choosing Which Credit To Claim

No Double Benefit



Education Savings Accounts - 530

Contribution Limits

Beneficiary Limit

Contributor Limit

Phased Out of Contribution

Excess Contributions

Qualified Expenses - 530(b)(2)


Designated Beneficiary

Changing the Designated Beneficiary

Eligible Educational Institution

Half-time Student

Coordination with Other Education Incentive

Age 30 Required Distribution

Form 1099-Q Reporting

Documentation & Further Requirements


Transfer Because of Divorce


When Assets Must be Withdrawn

Deduction for Student Loan Interest - 221


Qualified Education Loan

Related Party Loan

Qualified Higher Education Expenses

Payment of Expenses

Eligible Educational Institution

Eligible Student

Claiming the Deduction


Cancellation of Certain Student Loans - 108

Qualified Tuition Programs - 529


Changing Beneficiaries

Family Members


Form 1099-Q Reporting

Qualified Higher Education Expenses - 529(e)(3)

Computer Equipment & Technology

Refunds & Reinvestment


Eligible Educational Institution

Prohibition Against Investment Direction

Interaction with HOPE & Lifetime Learning Credit

Gift Tax Annual Exclusion

Higher Education Deduction - 222


Maximum Deduction


Year of the Deduction

Qualified Higher Education Expenses

Coordination with Exclusions

Coordination with Credits

IRA Withdrawals for Education Expenses - 72(t)

Notice 97-60 on IRA Withdrawals for Education

Employer-Provided Educational Assistance - 127

Notice 97-60

Scholarships & Fellowships - 117

Qualified Scholarship or Fellowship - 117

Incidental Expenses

Degree Candidate

Payment for Services

Service Academy Cadets

Student Loans

Cancellation of Student Loan Debt - 108

Qualified Tuition Reduction - 132(h)

Educational Savings Bonds - 135

Income Exclusion



Notice 90-7

Education Expenses

Excludable Interest

Forms 8818 & 8815

Educational Incentives & Financial Aid


Independent Student

Financial Aid Planning for the Parent

Asset Planning Through the High-Income Parent

Other Sources of Financial Aid Info

Chapter 4 - Medical, Charitable & Casualty

Medical Costs - 213


Separate Returns

Community Property States


Adopted Child

Child of Divorced or Separated Parents

Multiple Support Agreements


Medical Deductions

Items Deductible

Items Not Deductible

Medical Insurance Premiums

Meals & Lodging

Expenses of Transportation

Cosmetic Surgery

Permanent Improvements

Lifetime Care Advance Payments

Reimbursement of Expenses

Amounts Deductible

Long-Term Care Provisions

IRA Withdrawals for Certain Medical Expenses

Medical Savings Accounts (Archer MSAs) - 220

Health Savings Accounts (HSAs) - 223



High Deductible Health Plan (HDHP)

Limits for HDHP

Amount of Contribution

Special Rules for Married Couples

Establishing an HSA



Qualified Medical Expenses

Insurance Premiums

Record Keeping

Health Care Act Changes

Prescription Drug Costs

Accelerated Death Benefits

Terminally Ill Individual

Chronically Ill Individual

Exclusion Limited

Health Insurance For Self-Employed

Charitable Contributions - 170

Requirements for Deductibility

Qualified Organizations

Limitations on Contributions

Five-year Carryover

Contributions of Cash

Benefits Received

Benefit Performances

Athletic Event Seating Rights Repealed

Raffle Tickets, Bingo, Etc.

Dues, Fees, or Assessments

Contribution of Property

Clothing & Household Goods

Ordinary Income or Short-term Capital Gain Type Property


Capital Gain Type Property


Conservation Easements

Loss Type Property

Vehicle Donations

Fractional Interests

Other Types of Contributions

Charitable Distributions from an IRA


Cash Contributions

Contributions Less Than $250

Contributions of $250 or More

Payroll Deduction Records

Noncash Contributions

Deductions of Less Than $250

Additional Records

Deductions of At Least $250 But Not More Than $500

Deductions Over $500 But Not Over $5,000

Deductions Over $5,000

Contributions Over $75 Made Partly for Goods or Services

Casualty & Theft Losses - 165



Mislaid or Lost Property

Deductible Losses

Nondeductible Losses

Proof of Loss

Amount of Loss


Recovered Property

Related Expenses

Protection Cost

Repair & Replacement Costs

Allocation for Mixed Use Property

Insurance and Other Reimbursements


Disaster Area Losses

Unsafe Home

Special Residence Rule

Loss on Deposits

Chapter 5 - Home Sales & Moving Expenses


Capital Gains & Qualified Dividends

Rates - 1

28% Rate Group

25% Rate Group - Unrecaptured 1250 Gain

15% (or sometimes 20%) Rate Group - Adjusted Net Capital Gain

The Hidden Rate - Net Investment Income Tax - 1411

Former 18% & 8% Rate Group (Repealed)

Deemed Sale Election (Repealed)


Small Business Stock

Netting Capital Gains & Losses


Home Sales - 121

Exclusion Amount


Reduced Home Sale Exclusion for Nonqualified Use


Nonqualified Use

Post-May 6, 1997 Depreciation

Surviving Spouse Home Sale Exclusion

Home Sale Exclusion for Decedents Estate

Ownership & Use Requirements

Special Rules

Occasional Absences

Tacking of Prior Holding Period

Rental of Personal Residence


Vacant Land

Mixed Personal & Business Use of Home

Depreciation after May 6, 1997


Prorata Exception

Prorata Clarification

Safe Harbor Regulations

Change in Place of Employment


Unforeseen Circumstances

Two-Year Requirement

Remainder Interests

1099-S Reporting

Revenue Procedure 98-20

Moving Expenses (Suspended) - 217

Distance Test

Time Test

Time Test for Employees

Time Test for Self-employment

Deductible Expenses

Travel Expenses

Travel by Car

Location of Move



Chapter 6 - Home Mortgage Interest

Home Mortgage Categories

What Happened to Home Equity Debt?

Secured Debt

Unsecured Debt

Wraparound Mortgage

Treating Debt as Unsecured

Qualified Home

Second Home

Divided Use of Home



Married Taxpayers

Special Situations

Late Payment Charge

Prepayment Penalty

Sale of Home

Prepaid Interest

Mortgage Interest Credit

Ministers & Military Housing

Shared Appreciation Mortgage (SAM)

Graduated Payment Mortgages (GPM)

Mortgage Assistance Payments

Ground Rent

Redeemable Ground Rent

Nonredeemable Ground Rent

Reverse Mortgage Loans

Refunds of Interest

Cooperative Apartment Owner


General Rule

Exception - Fully Deductible Points

Service Charges

Seller Paid Points

Funds Provided Are Less than Points

Excess Points

Mortgage Ending Early


Mortgage Interest Statement - Form 1098

Special Rule for Cooperative Housing

Cooperative Housing Corporation

Debt Secured by Stock

Determining Home Mortgage Interest

Limits on Home Mortgage Interest

Home Acquisition Debt

Home Acquisition Debt Limit

Refinanced Home Acquisition Debt

Mortgage Deemed Used To Buy, Build, or Improve Home

Date of the Mortgage

Cost of Home or Improvements

Substantial Improvement

Home Equity Debt Suspended

Home Equity Debt Limit

Fair Market Value

Mixed-Use Mortgages

Grandfathered Debt

Refinanced Grandfathered Debt


Line-of-Credit Mortgage

Chapter 7 - Transfers Incident to Divorce

Property Rights

Marital Property

Common Law Property

Community Property

Equitable Distribution

Separate Property

Asset Division Principles

Premarital Agreements

Uses & Benefits

Control & Scope


Retirement Equity Act of 1984

Enforceability Requirements


Uniform Premarital Act - The California Example

Permitted Items of Agreement

Unenforceable Items

Property Settlements

Section 1041

Application of 1041

Mandatory Scope

Property vs. Income

Savings Bonds



Imputed Interest

Incident to Divorce

Related To Termination

Rebuttable Presumption

Divorce or Separation Instrument

Transfers in Trust

Third-Party Transfers

Property Basis

Gift Variation

Passive Activity Loss Property

Property Transferred In Trust

Basis in U.S. Savings Bonds

Negotiated Property Divisions

Adjudicated Property Divisions


General Rule - Immediate & Specific


Holding Period

Notice & Recordkeeping

Purchases Between Spouses


Home Mortgage Interest

Deferral & Exclusion of Gain

Business & Investment Property


Section 1031 Exchange

Asset Separation

Related Parties

Two-Year Restriction

Foreign Property

Form 8824

Spousal Transfers

Installment Sale of Assets

Selected Asset Divisions


Section 121 Home Sales

Two-Year Ownership & Use Requirements

Special Divorce Rules

Tacking of Prior Holding Period

Prorata Exception

Limitations on Exclusion

Installment Obligations

Business Interests

Corporate Stock

Cases & Rulings

PLR 9046004

Arnes Cases

Mrs. Arnes v. United States, 981 F .2d 456 (9th Cir. 1992)

Mr. Arnes v. Commissioner, 102 TC 522 (1994)

Blatt Case

Gaughan Case

Section 302 Stock Redemption



Section 736(a) Payments

Effect on Recipient

Section 736(b) Payments


Exclusions From 736(b) Treatment


Series of Payments

Section 754 Election

Insurance Policies

Real & Personal Property

Classification of Assets

Character of Gain or Loss

Capital Assets - 1221

Long-Term or Short-Term

Installment Sale

Net Gain or Loss

Treatment of Net Capital Gains

Section 1231 Assets

Gains & Losses

Recapture Of Net Ordinary Losses

Ordinary Assets

Depreciable Property

Recapture on Personal Property

Section 1245 Property

Treatment of Gain

Recapture on Real Property

Section 1250 Property

Pension Benefits

Qualified Domestic Relations Order

Taxation of Distributions

Deferred v. Present Division of Benefits

Deferred Division Arguments

Present Division or Alternate Property Arguments

Individual Retirement Arrangements

IRA Deduction Limit


Divorce Distributions

Amounts Not Rolled Over

Retirement Planning After Divorce

Social Security Benefits

Divorced Spouse Benefits

Divorced Widow(er) Benefits

Military Pensions

Divorced Spouse Benefits

Jurisdiction Requirement

Disposable Pay

Direct Payment

Divorced Widow(er) Benefits

Social Security Offset

Civil Service Pensions

Divorced Spouse Benefit

Divorced Widow(er) Benefit

Railroad Pensions

Divorced Spouse Benefit

Divorced Widow(er) Benefit


Chapter 8 - Alimony & Child Support

Spousal Support - aka Alimony

Divorce or Separation Instrument

Invalid Decree

Amended Instrument

Premarital Agreements

Alimony Rules


Payment Must Be In Cash

Payments to a Third Party

Written Requests, Consents, or Ratifications

Payments for Family Residence

Taxpayer-Owned Home

Spouse-Owned Home

Jointly-Owned Home

Rent On Property Owned by a Third Party

Payments for Life Insurance

Contingent Interest

Voluntary Payments

Payments to Remarried Spouse

Designating Payments as Not Alimony

Members of Different Households


Termination at Death

Substitute Payments

Child Support

Past Due Child & Spousal Support Payments

Joint Return Prohibited

Minimum Term Rule for 1985 & 1986 Instruments


Instruments Executed Before 1985 - A Historical Perspective

Old Requirements - Long, Long Ago in a Galaxy Far Away

Periodic Payments

Exception for Installment Payments

Mixed Payments

Marital or Family Relationship

Property Settlement

Child Support

Tax Treatment of Alimony

Instruments Executed Before 2019

Alimony Paid - Deductible

Reporting Alimony Received - Income

Alimony as Compensation

Recapture of Alimony for Type A & B Agreements

Exceptions to Recapture

Including the Recapture in Income

Deducting the Recapture

TRA 84 Recapture - 1985 & 1986 Instruments

TRA 86 Recapture - After 1986 Instruments



Alimony Substitution Trusts & Annuities

Advantages of Alimony Trust

Disadvantages of Alimony Trust


Alimony Paid by an Estate

Instruments Executed After  2018

Child Support

Contingency Relating To the Child

Clearly Associated With a Contingency

Heller Case

Rebuttable Presumptions

COBRA Coverage

Coverage Termination



Choice of Coverage



Qualified Medical Child Support Orders


Procedures & Duties


Chapter 9 - Financial Tax Planning

Comparing Goals & Purposes

Investment Purposes

Purpose #1 - Comfortable Retirement

Myths of Retirement

Plan For 10 to 15 Retirement Years

Stay With One Company to Retire With the Best Benefits

Preserve Capital

Retirees Are Taxed Less

Housing Costs Are Less

Just the Spouse and Me

Medicare Will Cover Medical Bills

Retirees End Up In a Nursing Home

Purpose #2 - Education

Purpose #3 - Family & Personal Stability

Purpose #4 - Enjoyment of Life

Purpose #5 - Commitment

Investment Goals

Find Your Place in Time

Know Thy Investment Self

Investment Vehicles & Entities






Retirement Plan



Retirement Now - The Ultimate Objective

Defining Retirement

When Do I Want To Retire?

What Kind Of Lifestyle Do I Want?

Do I Want To Move?

Determining Retirement Costs & Income Needs

Developing a Plan

Savings - The 10% Rule

Selected Strategies for Savings

Basic Planning Elements

Chapter 10 - Building an Estate

Assets, Income & Cash


Type #1 - Taxable

Information Reporting on Taxable Income


Salary & Wages

Interest Income



Gambling Winnings

Other Income Known to the IRS

Real Estate Transactions

Type #2 - Tax-free

Type #3 - Tax-Deferred

Type #4 - Tax-sheltered


Borrowed Money

Gain on Home Sales

IRA Rollovers


Life Insurance Proceeds

Property Settlements

Child Support Payments

Money Recovered For Personal Injuries

Workers Compensation Payments

Disability Payments

Tax Refunds

Municipal Bond Interest

Vacation Home Rental

Childrens Wages

Childrens Investment Income



Rule #1: Expenses - 60%

Rule #2: Taxes - 20%

Rule #3: Savings - 10%

Rule #4: Education - 10%

Rule #5: Keep Your Benefits



Emergency Funds

Savings as Deferred Investing

How To Save

Programmed Savings

Tax Savings

Joint vs. Separate Returns

Purchase of Assets


Stay Liquid - Be Able To Get Your Money Back

Grow - Make Money on Your Money

Shelter - Get Tax Benefits

Build - Dont Spend Your Benefits

Avoid Linking - Each Investment Must Stand On Its Own

Analyze - Investigate the Investment



Rule #1 - Develop Cash Flow

Rule #2 - Learn To Negotiate

Rule #3 - Manage Risk

Investment Loss


Poor Health

Premature Death

Rule #4 - Diversify

Rule #5 - Monitor Assets

Rule #6 - Use Systems

Taxes & Investment Economics

Deductions Now, Taxes Later or Maybe Never

Accelerate Deductions


Charitable Contributions

Medical Expenses

Miscellaneous Expenses

Business Expenses


Chapter 11 - Income Splitting

Using Progressive Tax Rates

Splitting Income Among Group Members

Wealth Allocation

Major Formats

Unincorporated Business

Deductible Business Expenses

Home-Office Deduction

Requirements - 280A

Non-Exclusive Use Exceptions

Income Limitation

Home Office Deduction Expansion


Square Footage Safe Harbor - R.P. 2013-13

Retirement Plans

Hiring Your Children

Hiring Your Spouse

Travel Expenses

Casualty Losses

Bad Debts

Self-Employment Tax


C or Regular Corporation

Planning Considerations

When to Incorporate


Cash for Stock

Property for Stock

Stock for Services

Stock for Debt

Repeal of the General Utilities Doctrine

Corporate Assets



Gift & Leaseback

Sale & Leaseback

S Corporation

Single Taxation

S Corporation Return

Planning Considerations

Tax Advantages


Corporations That Qualify


Estimated Tax Payments

Family Partnership

Partners Distributive Share

Partnership Return

Schedule K-1 (Form 1065)

Family Partnerships

Family Members


Children as Partners

Earned Income

Gift of Capital Interest

Custodianship & Children


Kiddie Tax - 1(g)

Income-Shifting Investments

US Savings Bonds

Municipal Bonds

Growth Stock

Real Estate

Child Care & Education

Nursery School & Day Care - 21

Special Schools

Credit Plus Special School Expenses

Employer Dependent Care Program - 129

Education Savings Bonds - 135

Notice 90-7

Interest on Education Loans - 221

Buying an Off-campus House

Status as Second Home

Status as Rental Property

Gifting Gain for Education Expenses


Gifts by Check



Interest Free Loans

De Minimis Exception

Special Rule for Gift Loans

Chapter 12 - Retirement Plans

Deferred Compensation

Qualified Deferred Compensation

Qualified v. Nonqualified Plans

Major Benefit

Current Deduction

Timing of Deductions

Part of Total Compensation

Compensation Base

Salary Reduction Amounts

Benefit Planning

Corporate Plans





Employee Costs

Comparison with IRAs & Keoghs

Basic ERISA Provisions

ERISA Reporting Requirements

Fiduciary Responsibilities

Bonding Requirement

Prohibited Transactions

Additional Restrictions

Fiduciary Exceptions


Employer Securities

Excise Penalty Tax

PBGC Insurance

Sixty-Month Requirement

Recovery Against Employer

Termination Proceedings

Plans Exempt from PBGC Coverage

Basic Requirements of a Qualified Pension Plan

Written Plan





Exclusive Benefit of Employees

Highly Compensated Employees

Reversion of Trust Assets to Employer

Participation & Coverage

Age & Service


Percentage Test

Ratio Test

Average Benefits Test

Numerical Coverage

Related Employers


Full & Immediate Vesting

Minimum Vesting

Nondiscrimination Compliance

Contribution & Benefit Limits

Defined Benefit Plans (Annual Benefits Limitation) - 415

Defined Contribution Plans (Annual Addition Limitation) - 415

Limits on Deductible Contributions - 404

Assignment & Alienation

Miscellaneous Requirements

Basic Types of Corporate Plans

Defined Benefit


Defined Benefit Pension

Defined Contribution



Favorable Circumstances

Types of Defined Contribution Plans


Requirements for a Qualified Profit-Sharing Plan

Written Plan


Deductible Contribution Limit

Substantial & Recurrent Rule

Money Purchase Pension

Cafeteria Compensation Plan

Thrift Plan

Section 401(k) Plans

Death Benefits

Defined Benefit Plans

Money Purchase Pension & Target Benefit Plans

Employee Contributions


Life Insurance in the Qualified Plan


Universal Life


Plan Terminations & Corporate Liquidations

10-Year Rule

Lump-Sum Distributions

Asset Dispositions

IRA Limitations

Self-Employed Plans - Keogh

Contribution Timing

Controlled Business

General Limitations

Effect of Incorporation


Parity with Corporate Plans

Figuring Retirement Plan Deductions For Self-Employed

Self-Employed Rate

Determining the Deduction

Individual Plans - IRAs

Deemed IRA



Special Spousal Participation Rule - 219(g)(1)

Spousal IRA


Contributions & Deductions

Employer Contributions

Retirement Vehicles

Distribution & Settlement Options

Life Annuity Exemption

Minimum Distributions

Required Minimum Distribution

2009 Waiver of Required Minimum Distribution Rules - Expired


Distributions during Owners Lifetime & Year of Death after RBD

Sole Beneficiary Spouse Who Is More Than 10 Years Younger

Distributions after Owners Death

Inherited IRAs - Pre-SECURE Act

Estate Tax Deduction

Charitable Distributions from an IRA

Post-Retirement Tax Treatment of IRA Distributions

Income In Respect of a Decedent

Estate Tax Consequences

Losses on IRA Investments

Prohibited Transactions

Effect of Disqualification


Borrowing on an Annuity Contract

Tax-Free Rollovers

Rollover from One IRA to Another

Waiting Period between Rollovers

Partial Rollovers

Rollovers from Traditional IRAs into Qualified Plans

Rollovers of Distributions from Employer Plans

Withholding Requirement

Waiting Period between Rollovers

Conduit IRAs

Keogh Rollovers

Direct Rollovers From Retirement Plans to Roth IRAs

Rollovers of 457 Plans into Traditional IRAs

Rollovers of Traditional IRAs into 457 Plans

Rollovers of Traditional IRAs into 403(B) Plans

Rollovers from SIMPLE IRAs

Roth IRA - 408A


Contribution Limitation

Roth IRAs Only

Roth IRAs & Traditional IRAs




Taxation of Distributions

No Required Minimum Distributions

Simplified Employee Pension Plans (SEPs)

Contribution Limits & Taxation



Employee Limit

Other Qualified Plan

Set up

Contribution Limits

Salary Reduction Contributions

Employer Matching Contributions

Deduction of Contributions


SIMPLE 401(k) Plan

Chapter 13 - Distributions from Retirement Plans & IRAs

Annuity Payments - 72

General Rule - Prior Law

Exclusion Ratio

Investment in Contract (Cost)

Expected Return

Simplified Alternative Rule - Prior Law

Mandatory Basis Rule - Current Law

Annuity Benefits Paid Over Two Lives

Withholding & Estimated Tax

Lump-Sum Distributions

Nonqualifying Distributions

Treatment Options

5-Year Averaging - Repealed

Employer Securities - Net Unrealized Appreciation (NUA)

Capital Gain Treatment

Grandfather or Transition Rules


Eligible Rollover Distributions

20% Withholding


Direct Rollover

Rollover Period

Annual Usage

Rollover of Noncash Distributions

Qualified Domestic Relations Order Rollover

Surviving Spouse Rollover

Premature Distributions - 10% Penalty




Equal Periodic Payments

Total Value & Aggregation Requirement

Five-Year Requirement

Medical Expenses

Qualified Domestic Relations Order

Recapture Tax

Minimum Distribution Rules

2009 Waiver of Required Minimum Distribution Rules

Required Beginning Date for Minimum Distributions

Minimum Distribution Rules

Making Charitable Gifts with Plan Balances

Chapter 14 - Elderly & Disabled Planning

Managing the Estate

Joint Tenancy


Durable Power

Revocable Living Trust

Catastrophic illness



Countable Assets

Non-Countable Assets

Personal Residence

Gifting the Residence - General Rule


Inaccessible Assets


Spousal Transfers

Spousal Allowance

Medicaid Trusts

Limited Trust Exceptions

Criminalization of Medicaid Asset Transfers

Private Insurance

Health Care Decisions

Supplemental Security Income


Unearned Income

Earned Income

Exempt Income


Countable Assets

Non-Countable Assets

Disability Benefits


Kidney Disease


Chapter 15 - Wills & Probate

What Is A Will?

Provisions & Requirements

Specific & General Bequests

Residual Bequests

Conditional Bequests



Types of Wills

Title Implications


Joint Tenancy

Tenants in Common

Tenants by the Entirety

Community Property

Tax Basis Advantage

Untitled Assets

Changes to a Will

Advantages of a Will

Intestate Succession

Periodic Review

Continuing Business Operations

Simple Will




Probate Avoidance

Joint Tenancy

Community Property

Totten Trust Accounts

Life Insurance & Employee Benefits

Living Trusts

Chapter 16 - Estate Planning

Unlimited Marital Deduction

Outright To Spouse

Marital Deduction Trust

Qualified Terminable Interest Property (QTIP) Trust

Applicable Exclusion Amount

Spousal Portability of Unused Exemption Amount - 2010(c)(2)

Stepped-up Basis - 1014

Former Modified Carryover Basis Rules - 1022

Property to Which the Former  Modified Carryover Basis Rules Applied

Limited Basis Increase for Certain Property

2010 Special Election

Basic Estate Planning Goals

Primary Dispositive Plans

Simple Will

Danger for Larger Estates


Assets Not Subject to a Will

Assets Subject to a Will


Types of Trusts

Living Trusts

Testamentary Trusts

Revocable & Irrevocable

Living A-B Revocable Trust

Living A-B-C (QTIP) Trust

Impact of Spousal Portability on Trust B under TUIRJCA

Charitable Trusts

Charitable Remainder Trusts

Charitable Income Trusts

Insurance Trusts

Family Documents

Living Will

Property Agreement & Inventory

Durable Power Of Attorney

Power of Attorney for Health Care


Funeral Arrangements

Anatomical Gifts

Private Annuity?

Advantages to the Transferor

Disadvantages to the Transferor

Advantages to the Transferee

Disadvantages to the Transferee

Regulations Restrict Private Annuity Income



CPE Taxes Course: https://www.cpethink.com/tax-cpa-courses
Thank you for taking one of our free courses. We would like to be able to let you know when we add free courses or have special offers and will never spam you or share your address with anyone. If you are Ok with that please reply with "Ok" or if not please reply "No Thanks". Either way enjoy your free CPE course.
Exam completed on .

Do you want to add the course again?