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Tax Cuts and Jobs Act Guide to Retirement Planning

  • ITEM SKU
    7720
  • CPE Hours
    4
  • Full Course Price
    $34.50
Exam Questions: 20
Course Level: Basic
Pages: 338 | Content: 94, Supplemental: 244
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7720

This course will explain the implications of the changes made by the Tax Cuts and Jobs Act that affect retirement planning. This will include an extended rollover period for plan offset amounts, length-of-service awards to public safety volunteers, and recharacterization of IRA contributions in certain circumstances. Qualified disaster distributions are also affected, and the period to amend qualified plans and IRAs for the new law changes has been extended. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00326-19-S

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Course Information

Table of Contents
  • Impact of Tax Cuts and Jobs Act on Retirement Plans
  • Overview of Retirement Plans and Repeal of Special Rule Permitting Recharacterization of IRA Contributions
  • Extended Rollover Period for Plan Loan Offset Amounts
  • The $3,000-Dollar Limit on Length-of-Service Award Exclusion for Bona Fide Public Safety Volunteers Increased to $6,000
  • Disaster Distributions from Retirement Plans
  • Impact of Tax Cuts and Jobs Act on ESOPs
Objectives
  • To identify the changes enacted by the TCJA which impact retirement planning
  • To recall some of the 2019 retirement plan limitations
  • To recognize the differences between traditional and Roth IRAs
  • To recall the new law's impact on the recharacterization of Roth IRA conversions
  • To recall information on qualified plan loans
  • To recognize the new law's impact on the rollover period for plan loan offsets
  • To recognize the TCJA's impact on the increase on length-of-service awards
  • To identify relief provisions provided by the TCJA to taxpayers who received a "qualified 2016 disaster distribution"
  • To identify the impact the TCJA has on ESOPs

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.