Show navigation

Available in:

OnDemand Webinar
Audio & Reference Manual

Introduction to Qualified Tuition Programs (529 Plans)

Gain an understanding on how to use different 529 plans as an effective way to save for future costs of higher education.

Investments in 529 plans have reached nearly $250 billion as of mid-2015. Recently, 529 plans have been prominently discussed when President Obama proposed and then retracted his plan to tax distributions from 529 plans. Learn what all the fuss was about and also find out why 529 plans are considered one of the most effective ways to save for the future costs of higher education. This topic will provide an introduction to understanding the legal requirements that 529 plans face; the types of 529 plans available in the market place; the types of investment options that 529 plans typically proved; the income, gift and estate tax consequences of investing in a 529 plan; what an investor or advisor should look at when evaluating 529 plans; and the regulatory atmosphere facing 529 plans.

Runtime: 91 minutes
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Qualification Under Section 529 of the Internal Revenue Code

  • Prepaid Programs

- By a State, Agency or Instrumentality

- By One or More Eligible Educational Institutions

  • Savings Programs
  • Investment Direction Limitations
  • Prohibition on Excess Contributions
  • Other Qualification Requirements

Tax Treatment of Contributors and Designated Beneficiaries

  • Qualified Distributions

- Qualified Higher Education Expenses

  • Nonqualified Distributions

- Additional 10% Federal Penalty Tax

- Distributions Due to Death, Disability, Scholarship or Attendance at a Military Academy

  • Rollovers
  • Coordination With Other Education Incentives

Gift and Estate Tax Treatment

  • Gift Tax; Five Year Gift Election
  • Estate Tax
  • Generation Skipping Transfer Tax

Types of 529 Plans

  • Prepaid Plans
  • Direct Sold Plans
  • Advisor Sold Plans

Investment Options

  • Age-Based Portfolios
  • Static Portfolios
  • Other Investment Options

- Money Market Funds

- Savings and CD Options

State Tax and Other Benefits

Evaluating 529 Plans

SEC/MSRB/NASD Issues That Affect 529 Plans

Other Tax-Favored Educational Incentives

  • Coverdell ESAs
  • U.S. Savings Bonds
  • IRA Distributions
  • Hope and Lifetime Learning Credits
  • UGMA/UTMA Accounts

Financial Aid

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

James W.C. Canup

Hirschler Fleischer

  • Partner and chair of the tax department in the Richmond office of Hirschler Fleischer
  • Practice focuses on financial instruments and products, including qualified tuition programs; real estate investment trusts; asset-backed and mortgage-backed securitizations; and corporate tax matters
  • Represented issuers and underwriters in connection with numerous REIT offerings and various debt offerings, including trust preferred and contingent convertible debt offerings
  • Formerly a senior attorney-advisor in the Office of the Chief Counsel (Financial Institutions and Products) of the Internal Revenue Service where his duties included addressing the taxation of REITs
  • LL.M. degree, in taxation, Georgetown University Law Center; J.D. degree, Washington & Lee University School of Law; B.A. degree, University of Virginia
Purchase Options

More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 396824
Published 2016
Purchase Options

Available in Multiple Formats

Purchase this course and learn on your schedule!