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CPE Self-Study

Cutting Your Client's Tax Bill: Individual Planning Tips and Strategies

  • $179.00-$229.00
    Cutting Your Client's Tax Bill: Individual Planning Tips and Strategies In Stock Product #: 732192
    AICPA Member: $179.00
    Non-Member: $229.00
  • $159.00-$199.00
    Cutting Your Client's Tax Bill: Individual Planning Tips and Strategies Online Access Product #: 163652
    AICPA Member: $159.00
    Non-Member: $199.00

Make sure your clients are protecting themselves from the onslaught of higher taxes. Get the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies. Completely updated for tax law changes, this CPE course will bring you up-to-date on the latest strategies that will keep more money in the hands of your clients and make you look like a hero!

Key Topics:

  • Maximizing Tax Benefits for Sales of Capital Gain Assets and Real Property
  • Planning for Employer Stock Options, Employer Stock Held in Retirement Accounts and Restricted Stock
  • Roth IRA Conversions, Withdrawals, and Retirement Planning
  • Roth IRA Estate Planning
  • Maximizing Tax Benefits for Personal Residence Transactions
  • Tax Planning Opportunities with Vacation Homes, Timeshares, and Co-Ownership Arrangements
  • Tax Planning for Marital Splits and Married Same-Sex Couples
  • Self Employed Planning to Reduce Social Security and Medicare Taxes
  • Self Employed Health Benefits Strategies
  • Tax-Wise College Financing for Middle-Class Clients
  • Tax-Smart College Financing Maneuvers for High-Income Clients and Procrastinators

Learning Objectives:
This course will prepare you to:

  • Determine when selling capital assets, business assets, and real estate are to a client’s advantage
  • Apply like-kind exchange rules under Section 1031
  • Identify ways to advise clients on how to minimize taxes on employer stock options and employer stock held in qualified retirement plan accounts
  • Differentiate between incentive stock options (ISOs) and nonqualified stock options (NQSOs)
  • Determine ways to help clients obtain maximum tax savings from vacation home and timeshare properties
  • Differentiate between the rules for “regular” vacation homes, timeshares, and co-ownership deals
  • Determine appropriate federal income tax advice for clients who are separated, divorcing, or divorced
  • Recall ways to help middle-class clients identify college financing tax breaks
  • Identify tax-saving college financing manoeuvres for higher-income clients who are ineligible for the well-known education tax breaks
  • Identify strategies of husband-wife businesses that will reduce Social Security and Medicare taxes
  • Identify strategies for how parents can employ their children through their closely held business

Who Will Benefit?
CPAs looking for innovative tax planning techniques to help clients reduce their tax burden.

Prerequisite: Basic knowledge of individual income taxation

Advance Preparation: None

System Requirements

About the Authors

Bill Bischoff, CPA, MBA



About the Publisher

AICPA

About the AICPA The American Institute of CPAs is the world’s largest member association representing the accounting profession, with more than 412,000 members in 144 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting. The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialty credentials for CPAs who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. Through a joint venture with the Chartered Institute of Management Accountants, it has established the Chartered Global Management Accountant designation, which sets a new standard for global recognition of management accounting.