The Business Learning Institute - Events - Critical Tax Issues for Increasing Wealth

Critical Tax Issues for Increasing Wealth

Description		Turn your tax clients into your most profitable clients. With fully coordinated tax structuring and money management techniques, you can increase your clients' cash flow and protect their assets while reducing income and estate taxes. Help your older clients make the right decisions on retirement account contributions and distributions. Focus on strategies that are only available to the self-employed. Take advantage of favorable rules for home sales including short sales and foreclosures. Implement simple and easy estate structuring techniques and much more. Plus applicable tax changes in recent legislation.
Objectives		Upon completion of this course, participants will be able to: Help clients save more, invest smarter, pay lower taxes, and reduce financial risk in today's challenging economic environment Implement state-of-the-art college financing strategies Advise older clients on how to preserve wealth and transfer it to the next generation
Highlights		Top strategies for the self-employed ~ buy-sell agreements and how to fund them ~ updated retirement plan options ~ advantages of hiring spouse and kids ~ smart choices for vehicles driven for business ~ update on health savings accounts (HSAs) Home sales, short sales, and foreclosures - maximizing the tax breaks Intelligent college financing strategies ~ Section 529 plans ~ decucting 529 plan losses - new Kiddie Tax rules ~ new education tax credit rules - Education tax breaks especially for self-employed and high-income individuals Required minimum distribution rules - get best results for your clients - understand how suspension of required minimum distribution rules for 2009 affects clients "Stretch IRA" strategy in plain English Retirement account contributions ~ age appropriate asset allocations ~ more liberal rules for rollovers between tax-deferred accounts Worksheets to help determine if your client is saving enough for retirement Simple and easy estate planning ~ take advantage of current estate tax rules ~ using Section 529 plan and Roth IRA accounts as estate planning vehicles ~ tax-smart strategies for transferring homes from parents to adult kids ~ how tax-advantaged retirement accounts fit into the estate plan
Designed For		CPA firm tax seniors and financial planners
Recommended CPE Credits		8
Prerequisites		Basic knowledge of individual financial planning and taxes
Event Id / Acronym		10HPTPS
Course Level		Intermediate
Field(s) of Study		Taxes
Producer		AICPA
Instructor