ACPEN: Section 25F Scholarship Granting Tax Credit: Planning and Compliance Strategies

Overview

This course provides tax and accounting professionals with a focused overview of the Section 25F scholarship granting tax credit and its application in client planning. Participants will examine eligibility requirements, qualifying contributions, credit limitations, and interaction with other tax provisions.

The course also addresses state-specific considerations, including variations in eligibility, conformity, and planning opportunities across jurisdictions. Participants will learn to evaluate client eligibility, maximize available credits, and ensure compliance while avoiding common pitfalls. 

*Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to terri.storer@acpen.com

Highlights

• Overview of Section 25F and legislative intent
• Eligibility requirements and qualifying contributions
• Credit calculation and limitations
• State-by-state conformity and eligibility considerations
• Interaction with other federal and state tax provisions
• Compliance, documentation, and reporting considerations
• Common pitfalls and audit risks

Prerequisites

Basic knowledge of individual taxation 

Designed For

CPAs, EAs, tax professionals, and attorneys, as well as other financial professionals involved in tax planning and advisory services 

Objectives

• Identify eligibility requirements for the Section 25F scholarship granting tax credit, including relevant state variations
• Determine qualifying contributions and applicable credit limitations under
• Section 25F Evaluate planning opportunities to maximize the benefit of the credit across jurisdictions
• Recognize compliance requirements, including state-specific considerations and common errors

Preparation

None