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Employee Benefit and Retirement Planning: Pension and Deferred Compensation Tools (MLT971G)
1:00 pm ET | 12:00 pm CT | 11:00 am MT | 10:00 am PT
for a group pricing
Tax Implications, Benefits and Distributions of Qualified and Nonqualified Plans
There are numerous tools available to assist companies in their design and implementation of employee benefit and retirement plans. And the different tax implications of these plans must be considered. Qualified and nonqualified pension and deferred compensation plans are treated differently by the IRS – and your clients need to know the difference. Eligible deferred compensation plans under IRC 457(b) allow the contributions and the earnings on the retirement amount to be tax-deferred, according to the IRS. On the other hand, ineligible deferred compensation plans are governed by different taxation rules under the Internal Revenue Code Section 457(f). Deferred compensation payable through stock or stock options is also governed by different taxation rules. CPAs, EAs and financial planners must understand the advantages and disadvantages, tax implications, and design factors of each planning tool for both qualified and nonqualified plans, and learn how to use these tools to meet clients’ objectives.
This session with tax attorney Arthur Werner will provide an overall review of a variety of qualified and nonqualified employee benefit and retirement planning tools. At the end of this session, you will be able to compare and utilize new strategies to assist in addressing your clients’ employee benefit and retirement planning objectives.
Six steps in the employee planning process
How to design the right pension plan for a business client
Advantages and disadvantages of a defined contribution plan
Advantages and disadvantages of a defined benefit pension plan
How Keogh plans differ from other qualified plans
Distribution and rollover rules of an IRA and Roth IRA
Advantages and disadvantages of simple IRAs
Design features of a money purchase pension plan
Types of benefit and contribution formulas under a nonqualified deferred compensation plan
Tax implications when using a nonqualified deferred compensation plan
How to use vesting provisions in a profit-sharing plan
IRC Section 401(k) plan issues
The “Roth 401(k)”
Features of a SEP
General rules of qualification under qualified pension and profit-sharing plans
Basic outline of the complex retirement plan distribution rules
Distinctive steps to installing a qualified plan
NASBA & IRS Category of Study: Taxes
Who Should Attend
*Single User Price. For multiple users please call 1-800-223-8720
Arthur Joseph Werner, JD, MS (Taxation), received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. His lecture topic specialties extensively include the areas of Estate Planning, Financial Planning, and Estate and Gift Taxa...
Disclaimer: The content herein does not represent any association between IRS and Eli Financial LLC. IRS neither endorses any product of Eli Financial LLC nor warrants accuracy of the content hereto.