- NY Credits : 8.0
- TX Credits : 8.0
- CTEC Credits : Federal Tax Law - 8.0
- IRS Enrolled Agent Credits : Federal Tax/Tax Related Matters - 8.0
- IRS Non-Credentialed Return Preparer Credits : Federal Tax - 8.0
Companion to PPC's 1040 Deskbook - Course 2 - Pension and Retirement Income, Other Items of Income, and Adjustments to Income (TDBTG172)
This interactive self-study course provides relevant information regarding retirement income, Form 1040, and adjusted gross income (AGI). Lesson 1covers the taxation of pension and retirement income (including social security benefits and the minimum distribution rules for IRAs and qualified plans). Lesson 2 covers a variety of Form 1040 reporting issues and gross income topics. Lesson 3 focuses specifically on contributions (and their deductibility) to traditional individual retirement accounts (IRAs).
Course Expiration Date: November 30, 2018
Please note, the grading fee for answer sheets submitted by regular mail is $99.
Recognize how to calculate taxable social security benefits, and identify how Roth and traditional IRAs are distributed and converted.
Determine how qualified retirement plans and IRA distributions are rolled over.
Determine when the recapture of excess alimony payments are required.
Determine how to report refunds of itemized deductions under the tax benefit rule.
Identify education savings accounts (ESAs), and qualified tuition programs.
Identify contributions to traditional and Roth IRAs.
Recognize the difference between alimony and nondeductible payments.
Lesson 1—Pension and Retirement Income
Lesson 2—Other Items of Income
Lesson 3—Adjustments to Income