Surgent’s Individual and Financial-Planning Tax Camp (SU1802/22)
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January 31, 2023 @ 9:00 am
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.
Those involved in tax planning for individuals, including those who may be partners or shareholders
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
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
Experience in individual income tax planning and income tax return preparation