2022 Tax Planning for Student Loan Repayment and Forgiveness - Sponsored by PayForED
CE: No IRS CE
Speaker: Fred Amrein
Provides tax preparers the insights and strategies linking
student loan repayment to personal and business taxes. The new legislation will automate the IRS tax
information with many Department of Education systems related to loan
repayment, forgiveness, and the FAFSA.
This new automation will be implemented starting in Mid-2023 using 2022 tax
information. This new knowledge will
utilize your tax expertise and improve your clients' financial future. The loan servicers are legally unable to
provide this advice.
In addition, your business customers are adopting student
loan repayment programs due to other recent legislation that tax professionals
need to understand. Both changes are in
conjunction with the repayment restart. After
33 months of National Forbearance, this is a great opportunity to build your
business based on your current tax expertise.
Learning Objectives:
- 1. Importance of 2022 taxes due to the new student loan legislations
- 2. Timing of tax filing and filing status to student loan repayment and forgiveness
- 3. How to implement this new service in your practice
- 4. Adoption of Student Loan Assistance Benefit for Business Clients