Section 529 Plans: Front-Loaded Contributions, Beneficiary Changes, Form 1099-Q and Plan Selection
Note: CLE credit is not offered on this program
Recording of a 110-minute CPE webinar with Q&A
This course will review the many decisions surrounding Section 529 plans from plan selection and qualifying beneficiaries through making qualified disbursements and reporting Form 1099-Q disbursements on the applicable taxpayer's tax return. Our authoritative panel will discuss beneficiary changes, superfunding a 529 plan, and coordinating these disbursements with other education benefits.
Outline
- Section 529 plans
- Choosing a plan
- Roth IRAs as an alternative
- Superfunding a 529 plan and the gift tax return
- Beneficiaries
- Eligible beneficiaries
- Changing beneficiaries
- Qualified expenses
- Coordination with other education benefits
- Tax reporting: Form 1099-Q
- State deductions
Benefits
The panel will cover these and other key issues:
- How to weigh the pros and cons of plans offered by specific states
- How to handle a 529 plan investment when the designated beneficiary decides not to attend a qualifying education institution
- Gift tax reporting requirements for super funded 529 contributions
- How to report distributions reported to the donor, rather than the recipient, on Form 1099-Q
Faculty

Keith T. Jones, Ph.D., CPA
Professor of Accounting
University of North Alabama
Mr. Jones, PhD, CPA, is a professor of accounting at the University of North Alabama in Florence, AL. He received his... | Read More
Mr. Jones, PhD, CPA, is a professor of accounting at the University of North Alabama in Florence, AL. He received his doctorate from the University of Kentucky in 2001. Prior to joining UNA, Mr. Jones taught at Illinois State University, Eastern Kentucky University and Ball State University. He has coauthored articles in peer-reviewed journals on a range of topics, including managerial issues, distance education, accounting faculty recruiting, accounting stereotypes and various tax-related matters, among others. Prior to entering his doctoral program, Mr. Jones spent approximately 13 years in practice, mostly as an auditor with the Department of Defense.
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Lawrence K.Y. Pon, CPA/PFS, CFP, EA, USTCP, AEP
Pon & Associates
Mr. Pon has been in practice since 1986 providing comprehensive tax and financial planning, tax preparation and... | Read More
Mr. Pon has been in practice since 1986 providing comprehensive tax and financial planning, tax preparation and representation.
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