Tax Planning Strategies for Moderate Income Clients FLEXCAST

Overview

This course will provide insights into 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

Tax planning for the average taxpayer.

Prerequisites

None.

Designed For

CPAs and tax professionals.

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 . Counterintuitive tax planning regarding Scholarships and AOTC. Analyze and compare 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 . Review employing your child. Examine Health Reimbursement Arrangements and employing your spouse. Understand unique elderly client issues, estate planning, and will issues.

Preparation

None.

Notice

This is a FlexCast (no exam required) and may be viewed only Monday - Saturday, 5am - 5pm PT. You may take up to one year from the date of purchase to complete the course. Pause your FlexCast and resume at a convenient day during the hours above. Partial credit for 2+ credit courses: If you are unable to complete the course in one sitting, partial credit can be awarded (minimum of one credit). To earn the remaining credits, you must return later and start the course from the beginning. Use chat to ask questions of a subject matter expert during the program.