Goldilocks and Retirement Plan Contibutions

$49.00

Target Audience:  CPAs, EAs, RTRPs 

Field of Study: Taxation (NASBA); Federal Tax (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CPE CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT FOR ENROLLED AGENTS (EA). IF YOU ARE NOT AN ENROLLED AGENT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT.

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG.

DISCLAIMER: THIS SEMINAR WAS FILMED IN ORLANDO, FLORIDA, ON JULY 13, 2011, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Employee Plans office of the Tax Exempt and Government Entities division delivered this seminar at the IRS Nationwide Tax Forum in Orlando, Florida, in July 2011.

Learn how to avoid the "too much, too little, too early, too late" contribution and distribution excise taxes relating to retirement plans. This presentation will help you get it just right. It will also assist you in identifying a controlled group situation (combined businesses) and how to employ the related laws your clients need to know.

 

By the end of this presentation you will:

  • Know the maximum annual contributions to IRAs and employer plans, as well as the penalties for excess contributions
  • Understand minimum contribution requirements for money purchase pensions and defined benefit plans, as well as penalties for unpaid amounts
  • Learn how to calculate the amount of required minimum distributions (RMDs), as well as when you must begin taking RMDs
  • Find out the importance of determining if your business is part of a controlled group or an affiliated service group

No prerequisites or advanced preparation are required for this seminar.

Form 2555 and the Foreign Earned Income Exclusion

$49.00

Target Audience:  CPAs, EAs, RTRPs 

Field of Study: Taxation (NASBA); Federal Tax (IRS)

Seminar Level: Beginner

 


 

IMPORTANT INFORMATION REGARDING CPE CREDIT: THE IRS RETURN PREPARER OFFICE ACCEPTS THIS SEMINAR FOR ONE (1) CONTINUING PROFESSIONAL EDUCATION (CPE) CREDIT FOR ENROLLED AGENTS (EA). IF YOU ARE NOT AN ENROLLED AGENT, PLEASE CONSULT WITH YOUR RESPECTIVE STATE LICENSING AGENCY REGARDING ACCEPTABILITY OF THIS CREDIT. 

IRS COMMUNICATIONS AND LIAISON IS REGISTERED WITH THE NATIONAL ASSOCIATION OF STATE BOARDS OF ACCOUNTANCY (NASBA) AS A SPONSOR OF CONTINUING PROFESSIONAL EDUCATION ON THE NATIONAL REGISTRY OF CPE SPONSORS. STATE BOARDS OF ACCOUNTANCY HAVE FINAL AUTHORITY ON THE ACCEPTANCE OF INDIVIDUAL COURSES FOR CPE CREDIT. COMPLAINTS REGARDING REGISTERED SPONSORS MAY BE SUBMITTED TO THE NATIONAL REGISTRY OF CPE SPONSORS THROUGH ITS WEBSITE: WWW.LEARNINGMARKET.ORG.

DISCLAIMER: THIS SEMINAR WAS FILMED IN ORLANDO, FLORIDA, ON July 29, 2010, AND THE INFORMATION WAS CORRECT AT THE TIME OF RECORDING.

 

The Large Business and International operating division delivered this seminar at the IRS Nationwide Tax Forum in Orlando, Florida, in July 2010.

Susie, a US citizen, is starting a new career in Rome, Italy, and may be eligible for some special tax benefits. Learn the rules for obtaining these benefits, including the foreign earned income exclusion, the foreign housing exclusion, and the concepts of tax home, physical presence test, and bona fide resident test. In addition, learn how Susie should complete her Form 2555. Grab a cappuccino, hop on your Vespa, and join us for a trip to Italy!

UPDATE: The foreign earned income exclusion limitation amount has changed since this seminar was recorded. The limitation is $92,900 for 2011 and $95,100 for 2012.

 

By the end of this presentation you will:

  • understand the eligibility requirements for the Foreign Earned Income Exclusion.
  • be familiar with the tests for determining residence for tax purposes.
  • understand the rules that determine what qualifies as foreign earned income.
  • know how to determine if foreign housing exclusion applies.

No prerequisites or advanced preparation are required for this seminar.

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