U.S. Savings Bonds: Federal Income Tax Benefits
Register12:30pm - 02:30pm MT
01:30pm - 03:30pm CT
02:30pm - 04:30pm ET
- 11:30 AM - 1:30 PM Pacific Time
- 12:30 PM - 2:30 PM Mountain Time
- 1:30 PM - 3:30 PM Central Time
- 2:30 PM - 4:30 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.
