WebCE Offers Two New Courses For Tax and Accounting Professionals

by Chelsea Rosine | Mar 08, 2019

Learn about the Tax Treatments of Individual Retirement Arrangements and Life Insurance Proceeds

New Tax and Accounting Courses 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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