§219 Traditional IRAs vs §408A Roth IRAs: Similarities, Differences, Benefits and Burdens
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- 1:00 pm - 3:00 pm Pacific Time Zone
- 2:00 pm - 4:00 pm Mountain Time Zone
- 3:00 pm - 5:00 pm Central Time Zone
- 4:00 pm - 6:00 pm Eastern Time Zone
This course introduces Tax Professionals to an early update, review and summary of what happened during the 2024 filing season. The session reviews the challenges experienced in implementing the reporting of federal income tax provisions enacted by the Inflation Reduction Act of 2022.
The course will review the Tax Professional’s and taxpayer’s experiences of working with the IRS in a post-pandemic era, where there was supposed to be a new and improved IRS providing customer service and new technologies to provide a better taxpayer experience.
The presentation will specifically review the following areas of interest:
- §25C Energy Efficient Home Improvement Credits including the distinction between Qualified Energy Efficiency Improvements which are applied to a taxpayer’s principal residence vs.
- §25C Residential Energy Property Expenditures which are applied to a taxpayer’s dwelling unit.
- §25D Residential Clean Energy Credit which provides an unlimited credit amount for qualified expenditures for:
- Solar electric property costs
- Solar water heating property costs
- Small wind energy property costs
- Geothermal heat pump property costs
- Battery storage technology, and
- Fuel cell property.
The presentation will include discussion and illustration of the proper preparation of the Form 5695, Residential Energy Credits, and will review filling out the specific areas of the Form with an understanding of the instructions applying the Internal Revenue Code to the Form 5695.
At the conclusion of the course, the participants will have a better understanding of the successes, challenges and experiences of the 2024 tax filing season and the issues facing them during the 2024 extension season. The participants will be more aware of the proposed improvements that were projected by the IRS as a result of the additional funding included in the Inflation Reduction Act of 2022.
At the end of the session, participants will have a better working knowledge on the enhanced Residential Energy Credits provided in §25C for Energy Efficient Home Improvements Credits and §25D Residential Clean Energy Credits. Tax Professional’s will have learned how to properly fill out IRS Form 5695 with a better understanding of the Internal Revenue Code and the application to the instructions and Forms.
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.
Administration Policies:
Webinar Registration
- A $25 administrative fee will be charged for any course changes.
- It is essential for each participant in the webinar to register using their own name and email address; logging in with a different email may result in no CE credits being reported.
- Once registrations are finalized, a webinar link will be sent to the registrant's email address via BigMarker. Don't see your link? Check your spam and junk folders before contacting NSTP.
- Each webinar link is unique to the registered email address and will not function if forwarded to another email.
- For webinars that provide course materials before the webinar date, cancellations, refunds, or transfers to another course are not permitted. Once the course material is emailed, there are no cancellations, refunds, or transfers to another course.
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Webinars use a popup tool to monitor attendance. According to NASBA guidelines, you need to respond to at least three popups per hour to qualify for continuing education (CE) credits. We have included several additional pop ups throughout the course to ensure that all participants have the opportunity to earn the full CE credits. CE credits cannot be earned by participating in the webinar via phone only.
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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For more information regarding refund, cancellation and complaint policies, please contact our office at 800-367-8130.
Technical Information:
Test your System first
- NSTP is not tech support, we will send you to either of these sites before further troubleshooting your technical issue.
- Before attending a Webinar, YOU MUST review our System Requirements below and test your system. Please test on the device, browser, and network you will be using when attending a webinar.
BigMarker
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Technical Information: Webinar
Test your System first
- NSTP is not tech support, we will send you to either of these sites before further troubleshooting your technical issue.
- Before attending a Webinar, YOU MUST review our System Requirements below and test your system. Please test on the device, browser, and network you will be using when attending a webinar.
BigMarker
Zoom
Need Help?
