ARA Exam Outline

ACAT Step 3

Accredited Tax Advisor Exam Blueprint


Social Security

Overview - 2

Retirement Benefit - 2

Social Security Disability - 1

Survivor Benefits - 3

Eligibility - 1

Computation of Benefits - 1

Penalty for Earned Income - 3

Divorced & Widowed Spouses - 2

 

Medicare

Overview - 1

Eligibilty - 1

Enrollment - 1

 

Medicaid

Eligibility - 1

Gifts - 1

 

Veteran Benefits

Eligibilty - 1

Benefts Available - 2

 

Long Term Care

LTC Insurance - 5

Medicare Expense - 1

 

Self-employment Tax

Tools for Reducing S/E Tax - 1

Tool for Increasing S/E Tax to Maintain Benefits - 2

 

Business Entities

Planning Opportunities w/ S Corps - 1

 

Retirement Plans

Goals, Objective & Assumptions - 2

Types of Plans - 5

Calculating Max Contribution - 4

Premature Distribution - 5

Periodic Payments - 2

Rollovers - 4

Calculating RMD - 5

RMD - Beginning Date - 2

Beneficiary Designation - 2

 

Preserve Residence

Home Sale Exclusion - 4

Reverse Mortgages - 1

 

Decedents Find Tax Return

Responsibility for Final Return - 1

Filing Status Exemptions - 1

Income - 1

Deductions - 2

IRD - 1

 

Basic of Estates, Trusts & Fiduciary Accounting

Governing Instruments - Wills, Trusts - 1

Duties of Pers. Rep. - 2

 

Income Taxation of Estates & Trusts

Tax Filing Requirements - 2

Reportable Income - 1

Allocation of Income Between Decendant Estate - 1

Deductions - 1

Prep of Form 1041 - 1

 

Federal Gift Tax

Overview - 3

Gift – Splitting - 1

Prep of Gift Tax Returns (709) - 3

 

Federal Estate Tax Returns

Valuation of Estate - 1

Deductions from Gross Estate - 1

Prep of Form 706 - 1

 

Ethics & Professional in Serving Aging Clients

Determine Who Is the Client - 1

Dealing with Client with Diminished Capacity - 1

Protecting Clients with Diminished Capacity - 1

Potential Conflicts of Interest - 2

Confidentiality Issues - 1

Ethics & Professional Practices - 2

 

Tools of Estate Planning

The Marital Deduction Q-tip Trust - 1

Valuation Discounts - 1