The Best Individual Income Tax Update Course by Surgent
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Virtual
2.00 Credits
Member Price $309.00
Non-Member Price $459.00
Overview
You could pay $0 for this course!
Many clients are asking their advisors about Trump Accounts, one of the most anticipated yet misunderstood provisions of the One Big Beautiful Bill Act (OBBBA). This program will provide practitioners with the background to be able to advise their clients regarding how Trump Accounts operate. The course will also discuss the comparison between Trump Accounts and other accounts, such as 529 Plans and Roth IRAs. In addition, coverage will be provided on how the pilot program will function to give $1,000 to newborns.
Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course to be eligible. The course code for this program is C-3342. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.
Highlights
Establishing and administering a Trump Account Who can make contributions to a Trump Account Limits on contributions to a Trump Account Employer contributions to a Trump Account Participation in the pilot program What a Trump Account can invest in Basis tracking for after-tax contributions Taxation of distributions from a Trump Account Rolling a Trump Account into another account The potential advantages and disadvantages of having a Trump Account Opting out of a Trump Account Issues impacting a Trump Account, such as distribution, when the beneficiary turns 18
Designed For
All accounting and finance practitioners
Objectives
Expertly advise clients regarding the latest on Trump Accounts emanating from OBBBA
Leader(s):
Leader Bios
Deborah Phillips, Surgent McCoy CPE LLC
Deborah A. Phillips, MST, CPA, is the Technical Executive Assistant in the Pre-Filing Technical Guidance area of the LMSB Division of the Internal Revenue Service. Ms. Phillips began her career with the IRS more than 27 years ago and has extensive accounting and taxation knowledge of individual, corporate, and partnership federal tax returns. She was a Territory Manager in the Retail, Food and Pharmaceuticals Industry, a Team Manager in the Heavy Manufacturing Industry and the IRC Section 263A Technical Advisor. She taught graduate and undergraduate courses in accounting and taxation as an adjunct faculty member at Delaware State University, Wilmington College, and Goldey-Beacom College. She has been a seminar presenter for over 15 years as well as a respected instructor within the IRS. Ms. Phillips earned her master’s degree in taxation from Widener University.
Non-Member Price $459.00
Member Price $309.00