Pension, Annuity, IRA, and Social Security Income Reporting – 2017 Law – Self-Study (No Videos)

Course Description

This program covers the reporting of income from retirement plans, education accounts and social security income.

Topics Covered

  • Overview of Form 5498 IRA Contribution Information
  • Discussion of Form 1099R and distributions codes
  • Use of Form W4-P Withholding Certificate for Pension or Annuity Payments
  • Overview of the different kinds of retirement plans taxpayers may participate in
  • Using Form 8606, Nondeductible IRAs, to figure the taxable part of a distribution from an IRA
  • Traditional IRA to Roth IRA conversions
  • Roth IRA to traditional IRA recharacterization
  • Inherited IRAs
  • Loans from pension and annuity plans
  • Additional tax owed on certain early distributions from retirement plans
  • Exceptions to additional tax on early distributions from retirement plans
  • Additional tax on certain distributions for education accounts
  • Additional tax on excess contributions to certain accounts
  • Required minimum distributions
  • How to complete Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
  • Calculating the taxability of annuity income with the Simplified General Rule
  • Lump-sum distributions
  • How to report partially taxable distributions from IRAs
  • Instructions for Social Security Form SSA-1099 Benefits statement, Form RRB-1099 Tier I Railroad Equivalent Benefit statement, and Form RRB-1099R Tier II Railroad Retirement Benefits statement
  • Form W-4V social security Voluntary Withholding Request
  • How to calculate the taxability of social security income using the social security benefits worksheets
  • Taxation methods to apply to lump-sum social security payments
  • Special deductions relating to social security benefits income and repayments


At the conclusion of this course you should be able to:

  • Identify which taxpayers can receive special tax treatment for lump-sum distributions
  • Use Form 8606 Nondeductible IRAs to figure the taxable part of a distribution from an IRA, including a Roth conversion
  • Explain who is subject to the 10% additional tax on distributions from retirement accounts, and how to claim an exception to the penalty where allowed
  • Determine the taxable amount of a distribution from an education savings account
  • Describe the penalties that apply to excess contributions to IRAs and MSAs
  • Complete Form 5329 Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts
  • Use the Simplified Method worksheet to figure the taxable part if a distribution from a retirement account
  • Explain how to report Tier I and Tier II Railroad Retirement
  • Calculate the taxable portion of social security benefits received using the Social Security Benefits Worksheet
  • Explain how to make a lump-sum election on retroactive payments of social security benefits


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Self-Study (No Videos)

Course Type:



2017 Tax Law

Registration Status:

Registration Open

Ends: Monday, November 30, 2020 11:59 PM (PST)

Course Status

Started: Wednesday, August 15, 2018 11:59 PM (PST)

Ended: Tuesday, November 30, 2021 11:59 PM (PST)


Course Length:

5.5 Hours


Course Fees:

Registration $5.00
Tuition $10.00
Course Materials $60.00
Total $75.00

Course Credits:

IRS (Federal Tax Law) 5 Hours
Oregon Tax Board 5 Hours

Field of Study


Program Level



Basic tax knowledge

Delivery Method

Self-study (No Videos)

Educational Venue

Online Course

IRS Federal Program Number


Meet Your Instructor

April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.April resides in Portland, Oregon, with her husband Jess and their two sons. Her pastimes include gardening, travel, and playtime with her Arabian horse, Fancy.

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Brenda Scearcy
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Course Requirements

Any Time, Anywhere

Our online Learning Management System (LMS), offers you the flexibility to study at your own pace while still enjoying many of the benefits of a live classroom.

  • Watch lecture video recordings of live instructor-led classes.
  • Break to complete classwork and quiz assignments as instructed.
  • If you have a question or need help understanding your assignments, use our Q&A forum to post questions and receive answers from your instructor.
  • Complete assignments and tests then submit your answers online.

Advance Preparation Required

Our site requires an up-to-date Adobe Flash® Player and use of a high-speed Internet connection. To ensure your learning experience is worthwhile and productive, we ask all students to take the time to become familiar with our site before attending class.

Recommended Minimum Requirements

The following requirements are recommended for using this site. Few students have reported success while operating outside of these requirements, therefore these are provided as a guideline for troubleshooting if you are having difficulties viewing or operating in this site.

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  • Apple
  • Unix/Linux
  • Solaris

*Your operating system should be fully updated.
**Mobile devices are not supported.


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In any browser, both Cookies and JavaScript must be enabled.

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Disclosures and School Policies

Terms of Enrollment

Pacific Northwest Tax School’s course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students taking continuing education courses shall have twelve months from date of enrollment to successfully complete the course and receive their Certificate of Completion.  Students taking the federal only portion or the Oregon 80 Hour Basic Tax Course students have nine months from the date of enrollment to sucessfully complete the course.

Basic Tax Law

Students taking any Basic Tax Law course, agree to comply with all Terms of Enrollment outlined the enrollment agreement form for that course, a link to which can be found on the catalog page for each Basic Tax course.

Prerequisites & Advance Preparation

Students intending to write the Oregon State Tax Exam, must be at least 18 years of age, and have High School Diploma or GED. Students using our self-paced internet based program should prepare for classes by downloading and printing course materials. For more information including detailed course descriptions and learning objectives, view the details of each course, located on Pacific Northwest Tax School’s catalog pages at:


Continuing professional education courses including interactive, non-interactive and correspondence program fees are non-refundable and non-transferable. Webinars/Webcasts are non-transferable and in most cases non-refundable. A student may choose to be switched to another Webinar/Webcast of equal or lesser value if a conflict with the scheduled time exists. In the case of a missed Webinar/Webcast a request to transfer to a new Webinar/Webcast must be made with 48 hours of when the Webinar/Webcast aired. Refunds will be issued ONLY prior to the start of the Webinar/Webcast. A $15.00 processing fee will be withheld from all refund amounts. For more information regarding administration policies including complaints and refunds, please contact our offices at 503-646-5600.

Problem Resolution

Pacific Northwest Tax School gives the highest priority to delivering quality education programs. If you have concerns about our programs please contact the Pacific Northwest Tax School Education Coordinator at:


Manuals distributed and programs sponsored by Pacific Northwest Tax School are designed to teach application of tax laws. Pacific Northwest Tax School works to provide accurate and timely material to students, however the school does not have any responsibility if human and/or mechanical error exists.  Accordingly, no assurance is given by Pacific Northwest Tax School that such information is totally comprehensive or accurate in its coverage of such subject matter. Information published or sponsored by Pacific Northwest Tax School should not be relied upon as a substitute for independent research to original sources of authority such as the Internal Revenue Code, IRS Publications and Internal Revenue Rulings. Pacific Northwest Tax School, its authors, and instructors do not render legal, accounting, or other non-educational professional advice. If legal advice or other expert assistance is required, the services of a competent professional should be sought.  Credit hours are subject to change without notice.

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