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Explore modern family tax planning tools, including the Trump Account, 529 Plans, and Custodial Roth IRAs. Learn how to choose the best savings strategy and apply IRS requirements in practice.
This Self-Study course is designed for Tax Professionals, including tax return preparers, Annual Filing Season Program (AFSP) participants, Enrolled Agents (EAs), Certified Public Accountants (CPAs), accountants, bookkeepers, and other professionals who work with business clients and information reporting requirements.
This course does not include video lessons. The course is completed through independent study of the course materials followed by a final exam. After reviewing the course materials and successfully passing the final exam, participants receive IRS CE/CTEC credit in their account.
The course focuses on tax-advantaged savings opportunities for children, including Trump Accounts, 529 Plans, and Custodial Roth IRAs, and explains how these accounts can be incorporated into tax and financial planning for families. You will learn the rules governing the new Trump Accounts under Section 530A, including eligibility requirements, the accumulation period, contribution limits and funding sources, employer contributions, the Treasury pilot program, account administration, and the tax consequences that apply when the beneficiary reaches adulthood. The course also covers Form 4547 (Trump Account Election) and the procedures for establishing and administering these accounts.
Special attention is given to the gift tax considerations associated with contributions to Trump Accounts, including the annual gift tax exclusion, when a gift tax return may be required, the difference between filing a gift tax return and actually owing gift tax, and potential state tax considerations.
The course also provides a practical overview of 529 Plans (Qualified Tuition Programs), including contributions, state tax benefits, changing beneficiaries, tax reporting, Form 1099-Q, and the potential impact of 529 assets on financial aid. You will also learn about the SECURE 2.0 rules allowing certain unused 529 funds to be rolled over to a Roth IRA when applicable requirements are satisfied.
In addition, the course covers Custodial Roth IRAs, including eligibility requirements, contribution limits, earned income requirements, tax advantages, and rules for accessing funds. Finally, you will compare Trump Accounts, 529 Plans, and Roth IRAs and learn how the characteristics of each option may affect planning decisions based on a family's goals, the child's age and earned income, education planning needs, financial circumstances, and long-term objectives. The course also discusses whether multiple savings strategies can be used together.
The course will help you understand the tax rules associated with these savings vehicles, recognize important planning considerations, and better explain available options to clients who are planning and saving for their children’s future.
1 CE hour Deadline to complete the course and exam: December 31, 2026, by midnight local time of the student Passing score: 70% Number of exam attempts allowed: Unlimited Exam time limit: None The exam is open-book (course materials may be used)Upon completing this course, you will be able to provide professional consulting on family tax planning, implement modern wealth-building tools for children, and confidently apply IRS requirements when managing these programs.
Designed for Tax Professionals: AFSP tax preparers, EAs, CPAs, and other tax practitioners seeking to earn Continuing Education (CE) hours.
Tax preparers participating in the AFSP program.
Enrolled Agents (EA) fulfilling their annual Continuing Education requirements.
Certified Public Accountants (CPA) serving entrepreneurs and small businesses.
Other tax and accounting professionals who need CE credits.
Upon completing the course materials and successfully passing the final exam, participants will receive IRS CE / CTEC credits.
To meet the requirements of the Annual Filing Season Program (AFSP), you must complete the specified number of Continuing Education (CE) hours based on your preparer status. Review the detailed AFSP program requirements in the reference table.
Mandatory course with test.
Available only from June 1 through December 31.Professional ethics.
Excess Ethics hours cannot substitute for other subject categories.Federal tax law topics.
Updates to federal tax legislation.
Excess hours can count toward Federal Tax Topics.Professional ethics.
Federal tax law topics.
The Exempt category includes tax return preparers who hold recognized professional credentials or have passed a state or national qualifying examination.
Federally licensed IRS Enrolled Agents.
Licensed Certified Public Accountants.
Licensed attorneys in good standing.
Individuals who passed the IRS RTRP test.
Preparers who passed state-regulated testing programs (e.g., CTEC).
Clear, concise answers to everything you need to know before starting your coursework and advancing your professional career. We’ve compiled answers to the most common questions to help you make the right choice.
All required CE hours must be completed by December 31 of each calendar year.
No. The same course cannot be credited more than once within the same reporting period.
No. Unused CE/CTEC hours cannot be rolled over to the next compliance cycle.
After confirmation: Your AFSP Record of Completion will be generated in your online PTIN account. If you do not have an online PTIN account, the IRS will send a letter by mail.
We submit course completion records directly to the IRS and your PTIN account weekly on business days.
You can check your current credit status by logging into your online PTIN account.
Yes. Upon successfully passing the final exam, an official PDF Certificate of Completion is immediately available for download in your student portal.
The IRS recommends retaining all CE certificates for at least 4 years for audit and verification purposes.
