Event Description

With tax rates for individuals, estates and trusts changing, tax planning takes on more importance. New ideas for financial planning and retirement must be considered. The purpose of this course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This course is crucial for CPAs who are looking for good ideas that can save clients money! Continually updated for legislative developments.

Designed For

All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advice

Objectives

Understand changes to tax law affecting individual taxpayers through the present   Identify strategies that are effective following estate and gift tax changes

Major Subjects

Comprehensive coverage of the Inflation Reduction Act of 2022 and the SECURE Act 2.0     Timely coverage of breaking tax legislation     Changes to the lifetime estate tax exemption in light of proposed regulations     Considerations when selling a principal residence     Tax benefits of HSAs     A historical overview of virtual currency as well as increased IRS scrutiny on the tax implications of such transactions     An update on income tax and estate-planning ideas, including any recent changes     Tax ideas for the current year     Miscellaneous tax-planning techniques that can add up to significant tax savings     How to use the whole family for tax savings     Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and ruling

Prerequisites

Basic course in individual income tax and estate planning