Loading

Taxation of Pension and Annuity Income

  • ITEM SKU
    5225
  • CPE Hours
    8
  • Full Course Price
    $64.50
Exam Questions: 40
Course Level: Basic
Pages: 264 | Content: 236, Supplemental: 28
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 5225U

This course is designed to provide you with a broad overview of how pension and annuity income is taxed. It covers the "General Rule" the "Simplified Method" and qualified and nonqualified plans. The various examples will show how to calculate the tax-free return of your net cost. Lastly, the course covers how U.S. Civil Service Retirement benefits are taxed. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00529-23-S

Choose Your Format to ADD TO CART:

Go to CART
Purchase EXAM ONLY

Course Information

Table of Contents
  • General Rule for Pensions and Annuities
  • Pension and Annuity Income
  • U. S. Civil Service Retirement Benefits
Objectives
  • To recognize the tax treatment of pension and annuity income under the General Rule
  • To identify the tax treatment of distributions you receive from pension and annuity plans and how to report the income on your federal income tax return
  • To recognize how the federal income tax rules apply to civil service retirement benefits received by retired federal employees or their survivors

PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.