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22WS-1571: Surgent's Student Loan Repayment and Forgiveness: Analysis and Impact on Individuals and Employers (Webinar)

If you have questions about this event, please call us at 952-831-2707.

Date Wednesday, December 14, 2022
Time 1:00pm - 3:00pm
Central Time
Location Online
CPE credits CPE 2.0
Field(s)
of study
Taxes - Technical (2.0)
Specialty
credits
2.0 IRS CE approved
Instructor Fred Amrein
PayForED
Fees
Standard Member Fee $119.00
Standard Nonmember Fee $119.00

Description

For student loan borrowers (a huge segment of the population), the new Student Debt Relief Program is an excellent opportunity to reduce debt.

It’s also an opportunity for employers to minimize taxes by providing the new in-demand student loan assistance benefit to employees -- and it’s an opportunity for you as a CPA to advise clients on these new tax implications and benefit decisions.

Gain clarity on the tax planning impacts for both employers and employees, as well as tax planning.

Who should take this program?

Accounting and finance professionals and benefit consultants who need to better understand this new legislation

Major subjects

  • The four parts of the Student Debt Relief Plan
  • The importance of 2022 year-end tax advice, given the Jan. 1, 2023 repayment restart and the income certification requirement
  • Action plans for each student debt relief process
  • Automation of IRS data into various Department of Education systems
  • Changes in student loan repayment trends directly related to personal tax planning and benefit decisions
  • Implementation items for tax-free student loan reimbursement for employees and employers
  • Loan forgiveness opportunities for employers that are 501(c)3 entities and government agencies
  • Impact of student loan assistance benefits on company retention and recruitment
  • Importance of the Public Service Loan Forgiveness (PSLF) limited waiver expiration
  • FAFSA simplification impact on cost of college and tax planning
  • Increased use of income-driven repayment (IDR) methods and the need for better tax planning and benefit selection
  • Structuring student debt for optimized repayment, forgiveness and parent liability
  • Employer implementation planning for student loan assistance benefit
  • Importance of plan data source for student loan assistance compliance
  • Internal and external audit decisions for student loan assistance compliance

Learning objective(s)

  • Be familiar with student loan repayment and forgiveness rules
  • Understand the increased need for better tax advice in student loan repayment and college funding
  • Be knowledgeable of student loan assistance benefits

Notes:

Course code Code 22WS-1571
Sponsor Surgent
NASBA ID#: 103212
Level Basic
Format Group Internet Based
Prerequisites Prereq. None
Advance
prep
None

If you have questions about this event, please call us at 952-831-2707.

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