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Digging Down into Education Tax Breaks and Planning Tools
- Understand requirements for American Opportunity Tax Credit and the Lifetime Learning Credit
- Properly calculate Education Tax Credits
- Recognize and utilize other Education Tax Breaks such as employer provided assistance and US Savings Bond Exclusion
- Discuss Education Planning tools such as the Coverdell and Section 529 plans
- (4-hour class) Properly compute taxable portions of 1099-Q distributions, when appropriate, and determine if a penalty applies
- Compute allowed Coverdell contribution
- Instructor
- Kathryn Keane
- Duration
- 200 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
As our economy still struggles, financial aid dollars are drying up. More and more clients are carrying more of the financial end of college and other post-secondary education. This session will address all the options available: American Opportunity, Lifetime Learning, changes to the 529, and the ever-confusing 1099-Q distribution
Objectives
Upon completion of this course, you will be able to:
Details
Life Estate – A Deep Dive
- Recognize when a life estate may be advisable
- Determine the basis of a property placed into a life estate
- Prepare a Form 709 to report the life estate
- Properly report the sale prior to the death of the grantor
- Advise clients on basis if the grantor dies
- Instructor
- Kathryn Keane
- Duration
- 100 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
As our clients age, many put real estate in a life estate. This session examines the Life Estate from its set up to the premature sale.
Objectives
Upon completion of this course, you will be able to:
Details
Deep Dive Secure Act, Back Door Roth, & 2026 new tax law changes
- Advise clients at what age they must begin their RMD
- Understand the changes to Roth Retirement Plans, Disasters, Public Safety Officer Retirement and other changes made by the SECURE 2.0
- Properly claim exceptions to the 10% penalty for early distributions from qualified retirement plans such as domestic violence, personal financial emergency
- Competently advise clients on potential recontributions of distributions from qualified retirement plans, and understand the mechanics of such
- Advise business clients on the requirement to provide automatic enrollment, benefits of the revised small employer tax credit for establishing a qualified retirement plan as well as other changes
- Instructor
- Kathryn Keane
- Duration
- 100 minutes
- Prerequisite
- General understanding of federal tax law
- Advanced preparation
- None
- Delivery method
- Group Live
Description
Even though it has been years since SECURE 2.0 was passed; we learn more each month as the IRS continues to issue guidance. The SECURE 2.0 Act changes a variety of items affecting taxpayers from across the spectrum and the IRS continues to issue guidance. This session examines the SECURE 2.0 ACT and illustrates the way it impacts clients. We will also do a brief overview on the Back door Roth process & mechanics & also a brief overview of the tax law changes related to 2026.
Objectives
Upon completion of this course, you will be able to:
Details
CPE sponsor disclosure
The CPE associated with this education is provided by the Connecticut NATP Chapter and is independent of national NATP sponsorship.
IRS sponsor number: 0G825
See our CPE sponsor page for more information on reporting.