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2022 Tax Planning for Student Loan Repayment and Forgiveness - Sponsored by PayForEDCE: 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.
- Importance of 2022 taxes due to the new student loan legislations
- Timing of tax filing and filing status to student loan repayment and forgiveness
- How to implement this new service in your practice
- Adoption of Student Loan Assistance Benefit for Business Clients