Tax Cuts and Jobs Act Guide to Retirement Planning

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
  • 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

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