Surgent's This Year's Best Income Tax, Estate Tax, and Financial-Planning Ideas

Overview

With different tax rates for individuals and trusts, tax planning takes on more importance. New legislation increases the importance of generating new ideas for financial planning and saving for retirement. The purpose of this course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This course is crucial for CPAs who are looking for good ideas that can save clients money! Continually updated for legislative developments.

Objectives

• Understand life insurance for both income and estate planning
• Identify strategies that are effective following estate and gift tax reform
• Understand options available to baby boomers as they reach retirement in light of Social Security
• Prepare for potential legislative changes to retirement and estate planning

Highlights

• Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals
• Changes to the lifetime estate tax exemption in light of proposed regulations
• Considerations when selling a principal residence
• Tax benefits of HSAs
• An overview of the mechanics and practical considerations of Donor Advised Funds
• Virtual currency, including new Notices 2023-34 and 2023-27
• The best new income tax and estate-planning ideas
• The changing Social Security landscape: long-term solvency issues and what it means for retirement planning
• Creative charitable giving strategies
• Financial planning strategies
• Maximizing retirement plan benefits
• Using intentionally defective grantor trusts
• Miscellaneous tax-planning techniques that can add up to significant tax savings
• How to use the whole family for tax savings
• Life insurance
• Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings

Designed For

All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advice

Prerequisites

Basic course in individual income tax, Social Security, and estate planning

Preparation

None

Notice

This self-study product is a course manual download with a test.

You will receive an email from Surgent CPE with instructions to access this course.