Tax Planning Strategies for Moderate Income Clients ON DEMAND

Overview

Tax Planning is not just for the rich and famous. This course will provide insights to numerous topics so tax professionals can assist their moderate-income clients to create and preserve wealth. Ensure we provide our clients with the tools necessary to provide practical tax planning techniques and be hands-on to develop a long-term beneficial relationship. Join us in deciphering the mystery of tax planning for the average taxpayer.

Highlights

Practical tax planning techniques.

Prerequisites

None.

Designed For

CPAs.

Objectives

Demonstrate how QCD can reduce taxes and maximize charitable deductions. Discuss Form SSA-44, life-changing events and reducing Medicare part b premiums. Appraise the benefits of 529 plans and paying for college. Counterintuitive tax planning regarding scholarships and AOTC. Analyze, compare and plan regarding retirement plans. Dramatize 401(k) savings for the average taxpayer. Critique divorce situations to benefit clients and explain why 50/50 is not always equal. IRC 121 opportunities. Clarify the implications of the capital gains reduced tax rate and potential issues. Illustrate bunching of itemized deductions. Translate when to take social security and related issues. Review employing your child. Examine health reimbursement arrangements and employing your spouse. Understand unique elderly client issues and estate planning/will issues.

Preparation

None.

Notice

None.