Retirement Plans, Pensions and Annuities

Tax Treatment of Retirement Plans, Pensions and Annuities

Tax Treatment of Retirement Plans, Pensions and Annuities discusses the federal income tax treatment of, and limitations related to a) qualified employee plan contributions and distributions, and b) commercial annuity contracts. It examines the qualified plan limits and income taxability of: employer and employee contributions (including designated Roth account contributions), plan loans, life insurance contained in the plan, plan distributions, required minimum distributions, and rollovers. The course also examines the tax treatment of lump-sum distributions and periodic payments received under commercial annuity contracts.

Upon completion of this course, a student should be able to:

  • Distinguish between the types of qualified employee plans;
  • Recognize the limits imposed on qualified employee plancontributions and benefits;
  • List the requirements applicable to qualified employee planloans;
  • Apply the federal tax laws to qualified employee plancontributions and distributions;
  • Recognize the tax treatment of nonqualified annuity distributions; and
  • Identify the tax treatment of annuity contributions and distributions.

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