This course examines the programs, credits, deductions and federal income tax treatment of various items that affect saving for and financing an individual's education.
Learning Objectives
- Identify the features and tax benefits of qualified tuition programs available under IRC §529.
- Recognize the limits and tax treatment of contributions to and distributions from a Coverdell education savings account (ESA).
- Identify the tax treatment of interest earned under qualified U.S. savings bonds used to pay certain education expenses.
- Discover and apply the American opportunity and lifetime learning credit rules.
- Recognize the tax treatment given to scholarships, fellowships and other types of educational assistance.
- Discover and apply the federal income tax rules applicable to student loan interest, student loan cancellations and repayment assistance.
Last updated/reviewed: August 4, 2023
- 1. IRS Representation Series - Winning the 1040 Audit
- 2. 2023 Individual Filing Requirements
- 3. Like-Kind Exchanges under Section 1031 of the Internal Revenue Code
- 4. 2020 Federal Tax Update
- 5. Corporate Transactional Tax IV - Corporate Reorganizations, Carryover of Corporate Tax Attributes, and Limitations on Usage of Corporate Tax Attributes
- 6. General Taxation of Foreign Investments
- 7. US Outbound International Tax After 2017 Tax Reform - The State of Play As We Head Into the ‘20s Conditions Leading to the 2017 Act, and the Overall Systemic Changes it Introduced
- 8. Tax Update in the COVID19 World
- 9. Corporate Transactional Tax I - Corporate Organizations, Contributions, Dividends and Non-liquidating Distributions
- 10. Impact of 2018 Tax Cuts and the Jobs Act on Corporations, Shareholders and Employees
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Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Paul WinnCLU, ChFC, Instructor