Product Image

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

Author/Moderator: Bill Bischoff, CPA, MBA
Publisher: AICPA
Availability: Varies by Format (See Below)
See Below To Add To Cart
View Online Catalog
Print This Page
Available Formats:  On-Demand | Text | See All

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

NASBA Field of Study: Taxes
Level: Intermediate
Recommended CPE Credit: Text - 13; On-Demand - 12
Cutting Your Client's Tax Bill: Individual Planning Tips and Strategies
Text , 2016
Product# 732192
Availability: In Stock
AICPA Member:$179.00
Your Price:$229.00
Cutting Your Client's Tax Bill: Individual Planning Tips and Strategies
CPE On-Demand 2016
Product# 163652
Availability: Online Access 1 Year
For registered users only
AICPA Member:$159.00
Your Price:$199.00
To receive your AICPA member discount, Sign In now, or Register using your AICPA membership number.