Learn about the Tax Treatments of Individual Retirement Arrangements and
Life Insurance Proceeds
Tax treatment is a
multi-faceted topic with many different applications. Tax law has gone through
changes within the past year that may affect your clients’ taxes and how they
effect their retirement arrangements and life insurance proceeds. WebCE
understand the importance of staying current in the tax and accounting industry
so we created two new courses designed to keep you informed on tax treatment of
these types of accounts.
Tax Treatment of Individual Retirement Arrangements
An individual retirement arrangement (IRA) is a tax-favored personal savings
arrangement, which allows you to set aside money for retirement. There have
been several new IRAs added this category and in turn these accounts have
different rules governing eligibility and tax treatment.
By the end of this course, you will be able to apply the rules governing
eligibility for traditional and Roth IRAs, identify requirements and benefits
related to a spousal IRA, and distinguish between traditional and Roth IRA
distribution rules.
Tax Treatment of Life Insurance Proceeds
In this course you will look at the tax treatment given proceeds from life
insurance policies and will consider the taxation of death benefits, cash value
withdrawals, loans and surrenders. You will also examine the difference in tax
treatment caused by a life insurance policy’s various situations.
Upon successful completion of the course, you will be able to calculate the
gain to be recognized as a result of various life insurance policy
transactions, recognize the types of life insurance exchanges that are tax-free
under IRC § 1035, and identify the income tax treatment of accelerated death
benefits, viatical settlements, and life settlements.
To order these courses and more, visit the
WebCE course catalog or call 877-488-9308
to speak to a member of our support services team.
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