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Surgent's Individual and Financial-Planning Tax Camp

Monday, January 6
 9:00am - 5:00pm

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8.00 Credits

Member Price $299.00

Non-Member Price $424.00

Overview

Each year brings its own set of tax planning challenges, and this year is no exception. This course aims to arm tax planners with planning strategies and ideas that all clients, but in particular, wealthy clients, middle-income clients, and closely held business owners need to consider right now to take advantage of present opportunities and plan for future tax advantages. Learn strategies that can really have an impact on client lives, while also bringing value to you and your firm. This material is continuously updated for recent legislation impacting individual taxpayers.

Objectives

  • Mine a tax return for tax planning with a client
  • Understand the planning implications of the current environment
  • Determine the best tax strategies for retirement
  • Understand tax planning for the middle-income client

Highlights

  • Comprehensive coverage of the SECURE Act 2.0
  • Understanding the environment: what’s new, what’s expired or expiring, and what’s likely to change
  • Reading a tax return for developing client-specific tax strategies
  • Will there be more changes in the individual tax laws?
  • Changes to the lifetime estate tax exemption in light of proposed regulations 
  • The net investment income tax: planning for compliance
  • Family income-splitting strategies that need to be considered
  • Income tax issues: impact on timing of other income
  • Selling a principal residence
  • Two principal residences at the same time
  • Use of life insurance to protect families
  • Using Roth IRAs and Roth contribution programs to best advantage
  • Conversions: do they still make sense?
  • Taking distributions: matching timing to client requirements
  • Qualified plan contributions to reduce current income and Social Security tax: implications for business owners and self-employed
  • Social Security solvency issues
  • Incentive Stock Options and Employee Stock Purchase Plan considerations
  • What to do about itemized deductions
  • Trans-generational planning: conversions, income, and gain-splitting
  • Tax benefits of HSAs and other tax-advantaged acccounts
  • Recent case law, as applicable
  • Identifying tax opportunities: reviewing the prior-year return to develop a plan for the future
  • Planning for middle-income taxpayers: financial planning for the young, the working, and those approaching or in retirement

Designed For

Those involved in tax planning for individuals, including those who may be partners or shareholders

Prerequisites

Experience in individual income tax planning and income tax return preparation

Preparation

None

Notice

To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange “Launch Event” button.

Leader(s):

Leader Bios

Robert Lickwar Jr., Partner, UHY Advisors, NE, LLC

Bob has over 30 years of experience as a practicing CPA, andhas worked exclusively with privately held businesses and owners to provide compliance services and sophisticated tax planning strategies including like-kind exchanges, tax-efficient workouts and restructurings, reorganizations and estate planning services. Bob is also a nationally recognized presenter on various tax issues and is a well-known discussion leader providing continuing education seminars to tax professionals. PROFESSIONAL EXPERIENCE: •Extensive experience in dealing with tax authorities at both the federal and state levels •Develops tax-favored and other retirement plans for clients •Assists in developing tax efficient succession transitions, including acquisitions and sales of businesses •Expertise in the taxation of small businesses and their owners, specializing in many areas of domestic taxation, including real estate, multi-state, business and individual taxation BACKGROUND: •Licensed CPA in the state of Connecticut •M.S. in Taxation, University of Hartford •B.S. in Accounting, Central Connecticut State University THOUGHT LEADERSHIP: •Nationally recognized presenter on Federal and State Taxation issues •Quoted in “Everything to Know About the New $3,000 Child Tax Credit”, U.S. News & World Report, March 2021 •Moderated “The CARES Act and Its Impact on Your Business and Benefit Plans”, UHY Webinar, February 2021 •Quoted in “IRS backlog causing problems for taxpayers”, Marketplace, February 2021 •Quoted in “IRS Rule Would Make Managing Trusts, Estates More Efficient”, Bloomberg Tax, May 2020 •Speaker for Berlin Continuing Adult Education small business seminars •Speaker for Farmington Continuing Adult Education small business seminars •Local radio station tax expert guest •Received the Author Award from the Connecticut Society of CPA’s State Tax Committee •Articles featured in the Taxation for Accountants, The Journal of Accountancy, and local newspapers

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Non-Member Price $424.00

Member Price $299.00