Strategies for Reducing Tax on Social Security and Retirement Distributions
Author: Spidell Publishing, LLC
Electronic version only
There are different types of strategies available to assist clients who are entering or who are currently in their retirement years, such as asset repositioning strategies, cash management strategies, and tax-advantaged strategies. This course focuses on tax-advantaged strategies. Retirees often receive income from a variety of sources, including Social Security benefits, and distributions from pensions, annuities, IRAs, and other retirement plans. This course focuses on how the more common types of retirement income are taxed and strategies that may be implemented to reduce the taxpayer’s federal income taxes.
With this one-hour course, you will:
- Get a 22-page PDF document
- Determine the percentage of Social Security benefits to be included in taxable income and identify related strategies to minimize federal income taxes
- Identify exceptions to the 10% additional tax for early distributions from qualified plans and IRAs
- Identify the required beginning date for qualified plans and IRAs, how required minimum distributions are calculated, how the required minimum distribution rules affect beneficiaries, and strategies to postpone distributions and the resulting taxes
- Recognize lump-sum distributions and determine if they qualify for favorable tax treatment
| Designation | CPE Hours |
|---|---|
| CPA | 1 Taxes |
| EA | 1 Federal Tax |
| CRTP (CTEC) | 1 Federal Tax |
| Attorney | .75 General MCLE/Tax Specialization |
Course level: Intermediate
A detailed knowledge in federal income taxation of individuals and/or experience at a mid-level position within an organization with operational or supervisory responsibilities, or both
Want to order by phone? Call us at: (800) 277-2257
This self-study is designed to meet the requirements for the specified number of hours of continuing education. This self-study has been designed to meet the requirements of the IRS Return Preparer Office; including sections 10.6 and 10.9 of Department of Treasury’s Circular No. 230 (Provider No. CRA7E); the California State Board of Accountancy; the California Bar Association; and the California Tax Education Council. This does not constitute an endorsement by these groups. The state boards of accountancy have final authority on the acceptance of individual courses for CPE credit. For more information regarding administrative policies such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. Spidell Publishing, LLC has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to renew tax preparer registration may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA 95812-2890, or by phone at 877-850-2832, or on the internet at www.CTEC.org.
Spidell Publishing, LLC 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This self-study is designed to meet the requirements for 1 hour of continuing education for the California Board of Accountancy. Level: Intermediate. Field of Study: Taxes. Delivery Method: Self-Study. For more information regarding administrative policies, such as complaints or refunds, contact Spidell Publishing at (800) 277-2257. A detailed knowledge in federal income taxation of individuals and/or experience at a mid-level position within an organization with operational or supervisory responsibilities, or both
