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.
Learning Objectives
Upon completion of this course, participants will be able to:
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 and implement
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 & Employing your spouse
Understand unique elderly client issues and Estate planning/Will issues
