Overview
As more people start retirement planning early and reach retirement age, tax professionals need to help clients with investment, retirement, and benefit income on their tax filings. This course covers reporting investment income (interest and dividends), income for retirees or those unable to work due to illness or injury, tax treatment of sickness and injury benefits, retirement plans, pensions, annuities, and the taxability of Social Security and Railroad Retirement Benefits.
Find this course for your license
License or Certification
Regulator
Type
Learning Objectives
- Describe the tax treatment given to benefits received under disability income plans, workers compensation, and other sickness and injury benefit plans
- Assess interest income that is taxable and nontaxable and the correct method for reporting taxable interest on a tax return
- Discuss the tax treatment given to dividends, capital gain distributions, and other distributions received from a corporation or mutual fund
- Discuss the tax treatment given to employee pension and annuity benefits, disability retirement benefits, and periodic payments received under privately purchased commercial annuities
- Assess the amount of a taxpayer’s Social Security or Railroad Retirement benefits that may be subject to income taxation and any deductions that may be taken in connection with those benefits
Designed For:
WebCE® 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.nasbaregistry.org. For more information regarding WebCE administrative policies such as refunds, cancellations and concerns, please contact Support Services at 877-488-9308.
Course Information
Adding additional credit may change exam requirements.
| Advanced Preparation: | None |
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