July 2001

New CPE Courses Provide In-depth Analysis of 2001 Tax Act

The Foundation for Accounting Education is offering a number of continuing professional education (CPE) courses to update members on the ramifications of the new $1.35 trillion tax cut package signed by President Bush last month.

The one-day courses focus on tax changes stemming from the “Economic Growth and Tax Relief Reconciliation Act of 2001.” Created by three of the Foundation’s most popular course developers including the American Institute of CPAs, Surgent and Associates and Nichols Education Corporation, the courses are currently available and will run through August in select areas across New York state.

The courses examine a host of changes including those affecting pension plans and retirement accounts, the child tax credit, the marriage penalty and the alternative minimum tax. The implications of lower income tax rates and education incentives are discussed as are estate-planning strategies in light of Congress’ decision to keep the gift tax and its partial retention of the basis step-up rules.

While other FAE courses cover different aspects of the new tax act, these courses are the only ones that offer a comprehensive review of the tax legislation.