Webinar

Individual and Financial-Planning Tax Camp

Each year brings its own set of tax planning challenges, and this year is no exception. This course aims to arm tax planners with planning strategies and ideas that all clients, but in particular, wealthy clients, middle-income clients, and closely held business owners need to consider right now to take advantage of present opportunities and plan for future tax advantages. Learn strategies that can really have an impact on client lives, while also bringing value to you and your firm. This material is continuously updated for recent legislation impacting individual taxpayers.

Objectives

  • Mine a tax return for tax planning with a client
  • Understand the planning implications of the current environment
  • Determine the best tax strategies for retirement
  • Understand tax planning for the middle-income client

Highlights

  • Timely coverage of breaking tax legislation
  • Retirement planning in light of IRA and RMD changes
  • Understanding the environment: what’s new, what’s expired or expiring, and what’s likely to change
  • Reviewing the meals and entertainment deduction
  • Review of pertinent changes from recent legislation
  • Reading a tax return for developing client-specific tax strategies
  • Will there be more changes in the individual tax laws?
  • Proposed legislation that could impact individual tax planning as well as choice of entity considerations 
  • The net investment income tax: planning for compliance
  • Family income-splitting strategies that need to be considered
  • Income tax issues: impact on timing of other income
  • Using Roth IRAs and Roth contribution programs to best advantage
  • Conversions: do they still make sense?
  • Taking distributions: matching timing to client requirements
  • Qualified plan contributions to reduce current income and Social Security tax: implications for business owners and self-employed
  • What to do about itemized deductions
  • Trans-generational planning: conversions, income, and gain-splitting
  • HSAs
  • Identifying tax opportunities: reviewing the prior-year return to develop a plan for the future
  • Planning for middle-income taxpayers: financial planning for the young, the working, and those approaching or in retirement

Additional Information

Designed For

Those involved in tax planning for individuals, including those who may be partners or shareholders

Vendor

Surgent

Advanced Preparation

None

Credits

8.00 Taxes

Prerequisite

Experience in individual income tax planning and income tax return preparation

Course Number

2226573

Level of Knowledge

Intermediate

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