Donald J. Puff, Financial Advisors
Working for professionals for over 25 years

Phone:  315-488-8885
Fax:  315-488-4865

 

WORKSHOPS
 

More Information Regarding 529 Plans:
 

Federal tax-exemption granted for "529 Plans"
On June 7, 2001, President Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001, granting federal tax exemption on earnings from state plans when used to pay for qualified higher education expenses. The House and Senate on May 26, 2001 passed the final version of H.R. 1836, the Economic Growth and Tax Relief Reconciliation Act of 2001. The legislation includes the ten-year, $1.35 trillion package of tax cuts proposed earlier this year by the Bush Administration. The House passed the conference report by a vote of 240 to 154 and the Senate passed it by a vote of 58 to 33.

For further details:
Click HERE to see the text of H.R. 1836. The qualified tuition program provisions are included in section 402 of the bill, beginning on page 36 of the document. (Adobe PDF format)

 
CRS Report to Congress
Click HERE for the Congressional Research Service report Saving for College through Qualified Tuition (Section 529) Programs, December 17, 2001. (Adobe PDF format).

 
IRS Notice 2001-55
This notice provides guidance to qualified tuition programs described in §529 of the Internal Revenue Code and participants in §529 programs regarding the restriction on investment direction described in §529(b)(5).  Click HERE to read the notice.

 
Some of these files are in PDF format.  You will need a copy of Adobe Acrobat Reader. 
You can download a free copy here:       
            
 
 

Always consult with a professional tax advisor to determine your potential tax consequences.

 

 

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offered through GWN Securities, Inc.  Member FINRA
11440 Jog Rd, Palm Beach Gardens, FL 33418 - (561) 472-2700

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