determine when to report the distributions as being taxable to permit education credits to be allowed and.calculate the tax-free and taxable portions of distributions.recognize qualified education expenses for Section 529 plan distributions.After this session, attendees should be able to: A decision tree will be provided to assist you with questions to ask to maximize the tax results for your clients. You must be well-versed in the tax implications of these plans to help your clients to avoid unnecessary tax, penalties and potential interest charges. These plans have become increasingly popular investment vehicles for families saving for their children's education expenses. 1099-Q: What Do I Do? (T) (F) Attention all tax preparers! Join us for an essential education session on Section 529 plans and Form 1099-Q, Payments from Qualified Education Programs. Presented by the National Association of Tax Professionals, 3.
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