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CPE Self-Study

Individual Tax Planning - Tax Staff Essentials

  • $159.00-$199.00
    Individual Tax Planning - Tax Staff Essentials Availability : Online Access Product #: 158312
    AICPA Member: $159.00
    Non-Member: $199.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-TSE.ITP

Save when you buy the complete Tax Staff Essentials, Level 4 online bundle.

Are your clients protecting themselves from the onslaught of higher taxes? This CPE course offers the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies. Get up-to-date on the latest tax changes and strategies that will keep more money in the hands of your clients and make you look like a hero. This course has been updated for the Tax Cuts and Jobs Act and tax reform.

Learning Objectives

  • 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 maneuvers 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.

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 Procrastinator

Who Will Benefit?

  • CPAs looking for innovative tax planning techniques to help clients reduce their tax burden

Discount

Tax Section Members Receive Additional Savings!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

System Requirements

About the Authors

Bill Bischoff, CPA, MBA

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 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 specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.