A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. UGMA and UTMA accounts are also considered college savings accounts. The UGMA (Uniform Gift to Minors Act) and UTMA (Uniform Transfer to Minors Act) are nothing more than custodial accounts, which are used to hold and protect assets for minors until they reach the age of majority in their state. These accounts typically allow stock, bond, and mutual fund investments, but not higher-risk investments like stock options or buying on margin. Because the assets are considered the property of the minor, a certain amount of the investment income will go untaxed while an equal amount is taxed at the child’s tax rate, instead of the parents’ rate An Attainable account is an easy and accessible way to invest and save for qualified disability expenses
At this meeting participants will review
Participants after this session will identify:
Refund & Cancellations
Request for refunds must be received in writing no later than 48 hours prior to course. For more information regading refund/complaint or cancellation contact us at (201) 0845-7009 BGS Assurance LLC is registered with the National Association of State Board of Accountancy (NASBA) as a sponsor of continuing education of the National registry of CPE Sponsors. State board accountancy have final Authority on the acceptance of individual courses on CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry org
CREDITS 2 CPE ADVANCE PREP: None PROGRAM LEVEL: Intermediate DELIVERY METHOD: Live Group FIELD OF STUDY: Specialized Knowledge/ Taxes
