U.S. Savings Bonds: Federal Income Tax Benefits
Register11:00am - 01:00pm MT
12:00pm - 02:00pm CT
01:00pm - 03:00pm ET
- 10:00 AM - 12:00 PM Pacific Time
- 11:00 AM - 1:00 PM Mountain Time
- 12:00 PM - 2:00 PM Central Time
- 1:00 PM - 3:00 PM Eastern Time
This course provides Tax Professionals with a introduction and review of the federal income tax benefits of investing in U.S. Savings Bonds. The session will discuss the benefits of the deferral of recognition of income for purposes of federal income tax and push the recognition of income into a future period. The presentation will also discuss the possibilities available for complete exclusion of income from federal income tax.
The course will discuss issues pertaining to:
- Co-owners of Bonds
- Deceased Bond Owners
- Transfer of Bond Ownership During Life
- Use of Bond Proceeds for Qualified Educational Expenses
- §454 Accounting Period Elections
- Planning Opportunities for the Decedent’s Final Form 1040,
- Planning Opportunities for the Decedent’s Surviving Beneficiaries
- Planning Opportunities for the Decedent’s Estate and Trust
At the conclusion of the session, participants will have an enhanced knowledge of the federal income tax benefits available for deferral and exclusion of federal income tax from the investment in U.S. Savings Bonds.
Tax professionals will be able to better advise clients on the federal income tax benefits of the investment in U.S. Savings Bonds as a tax savings vehicle.
Disclaimer:
Webinars are interactive audio-visual presentation courses led by an NSTP Instructor. These courses include a pre-recorded session and may also include PowerPoints slides, a PDF textbook or both.
Although the NSTP has made every effort to ensure the accuracy of the materials and the seminar presentation, neither the author,the presenter nor the National Society of Tax Professionals assumes any responsibility for any individual's reliance on the written or oral information presented during the presentation. Each attendee should verify independently all statements made in the materials and during the seminar presentation before applying them to a particular fact pattern and should determine independently the tax and other consequences of using any particular device, technique or suggestion before recommending the same to a client or implementing the same on a client's or on his or her own behalf.
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Cancellation
NSTP reserves the right to cancel any program or course for circumstances that are not under direct control of NSTP. If a course or program is canceled, participants will be refunded 100% of their registration fee.
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