Surgent's Individual and Financial-Planning Tax Camp

Available Anytime

Location: Online

8Credits

Technical Business

Registration is Open

FICPA Members

~~$199.00 Regular Price~~

Nonmembers

$275.00 Regular Price

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	Name	Email	Firm Office

Product Code: SU24-IFCP-SSWC

Level: Intermediate

Vendor: Surgent

Field of Study: Taxes

Overview:

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

Major Topics:

Comprehensive coverage of the SECURE Act 2.0
Understanding the environment: what’s new, what’s expired or expiring, and what’s likely to change
Reading a tax return for developing client-specific tax strategies
Changes to the lifetime estate tax exemption in light of proposed regulations
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
Selling a principal residence
Two principal residences at the same time
Use of life insurance to protect families: Whole Life Insurance, Term Life Insurance, Universal Life Insurance, and Variable Life Insurance
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
Social Security solvency issues
Incentive Stock Options and Employee Stock Purchase Plan considerations
What to do about itemized deductions
Trans-generational planning: conversions, income, and gain-splitting
Tax benefits of HSAs and other tax-advantaged acccounts
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
Best financial planning ideas for young people

Designed For:

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

Prerequisite:

Experience in individual income tax planning and income tax return preparation

Additional Info:

You will receive an email from info@surgent.com with instructions on how to log onto your course shortly. If you do not receive the email within the hour, please check your spam filter.

For technical support, registration questions or other customer service-related inquiries, please call (800) 778-7436 or email info@surgent.com. Phones are staffed from 8:30 a.m. to 5:00 p.m. Eastern Time, Monday through Thursday, and 8:30 a.m. to 4:00 p.m. Eastern Time on Friday.