This course discusses the federal income tax treatment of and limitations related to qualified employee plan contributions and distributions and commercial annuity contracts. It examines the qualified plan limits and income taxability of employer and employee contributions (including designated Roth account contributions); plan loans; life insurance contained in the plan; plan distributions, including distributions as periodic payments and nonperiodic payments; required minimum distributions; and rollovers. Also covered are the tax treatment of lump-sum distributions and periodic payments received under commercial annuity contracts.
Learning Objectives
Upon successful completion of this course, participants will be able to:
Chapter 1
List the types and characteristics of qualified employee plans.
Identify the limits imposed on qualified employee plan contributions and benefits and the rules governing rollovers to and from qualified employee plans.
Cite the requirements applicable to qualified employee plan loans and their tax treatment.
Explain the rules governing rollovers to and from qualified employee plans.
Chapter 2
Identify the tax treatment of loans from qualified plans.
Cite the federal tax laws to qualified employee plan contributions and distributions.
Chapter 3
List the principal types of annuities.
Identify the principal characteristics of deferred and immediate annuities.
Identify the tax treatment of annuity contributions, distributions taken as an annuity, surrenders, loans, and withdrawals.
Major Topics
Qualified Retirement Plans
Tax Treatment of Qualified Plans
Annuities
