Preorder
today - Available in June
Description:
This book is for preparing 2024 taxes. This course covers essential retirement plan information for tax preparers to help them advise clients on selecting the optimal retirement plan for their small businesses. It highlights the impact of SECURE 2.0 on these plans, addressing qualifications for expanded credits covering administrative costs and credits for employers initiating new plans. The session explores the pros and cons of tax-advantaged retirement options for small businesses, detailing employer obligations for funding and matching contributions in each plan. Popular options like self-employed pension plans (SEPs), savings inventive match plans for employees (SIMPLE) IRAs and 401(k) plans are reviewed, along with corresponding tax reporting.
Topics include:
- Applying the provisions of SECURE 2.0 to small business retirement plans
- Identifying the features of SEPs, SIMPLE IRAs and 401(k) plans
- Calculating the maximum contribution for various types of retirement plans
- Computing the deduction for various types of retirement plan contributions
- Identifying the employer’s responsibility for maintaining and funding retirement plans
- Distinguishing between the tax treatment of sole proprietors, partnerships and corporations with regard to retirement plans
Product Details:
Item Number: E24367
Level: Basic
Authors: NATP Staff
Published: 2024
Format: Electronic PDF
Nonmembers – Join Now, Save More!
Corresponding CPE Courses:
Get the e-book FREE when you purchase the corresponding 2024 course
Purchase Info:
When e-book is available, you can obtain your product at My Downloads.
Electronic products are nonreturnable.