Tax Planning for Military Personnel and Spouses On-Demand Webinar
2 CPE for AFSP, EA, CPA, CRTP
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Summary
At the core of all military returns is the Servicemember’s Civil Relief Act (SCRA) and in more recent years the Military Spouse Residency Relief Act (MSRRA). Understanding the impact of these acts on a military return can result in thousands of dollars of tax savings for the service member and family. This webinar, through case studies, will demonstrate the impact of these two federal laws on state returns and offer the preparer the knowledge necessary to identify when the SCRA and MSRRA are not being applied accurately at the state level. Additionally, we will cover other tax benefits afforded to our military personnel such as nontaxable pay and benefits, nontaxable combat pay and its impact on IRA contributions and EITC, and automatic extensions to name a few.
Objectives
Upon completion of this course, you will be able to:
- Distinguish between “home of record” and “domicile”
- Understand the impacts of the SCRA and the MSRRA on domicile
- Accurately identify when the laws are not being applied appropriately at the state level
- Summarize special tax provisions available to military personnel
Course Details
This on-demand webinar includes the presentation slides, exam questions, recording of the webinar broadcast with review questions, and attendee top questions. CPE is issued after exam is successfully completed.
Presented by: Mari Fries, EA, CFP®
Course Year: 2024
Duration: 100 minutes
Course Level: Basic
Prerequisite: None
Advanced Preparation: None
Delivery Method: QAS Self Study
| CPE Credits | Designation | Field of Study |
IRS | 2 | AFSP | Federal Tax Law Topic |
IRS | 2 | EA | Federal Tax Law Topic |
NASBA | 2 | CPA | Taxes |
CTEC | 2 | CRTP | Federal Tax Law Topic |
CFP Board | 0 | CFP® | N/A |
How to Earn CPE
To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar video. You also must successfully pass the course exam with a score of 70% or better.
The course and exam will expire one year from the date of purchase.
Cancellation Policy
Because this is an online education offering, it is nonrefundable.