Strategic Income Management for Client Success
Online
1.50 Credits
Member Price $89.00
Non-Member Price $109.00
Overview
The H.R. 1 tax bill introduced a range of provisions with varying income thresholds and phaseouts.
Our expert CPA/PFS panel will break down these changes and share tactical guidance for applying them with clients.
Understand how to manage these phaseouts, both above and below the line, and how to pair them with strategies like Roth conversions and QCDs.
Objectives
- Apply the 2/37th itemized deduction limitation.
- Use the 45.5% SALT effect rate.
- Compare how the new phaseouts affect Roth conversions and when not to do a Roth conversion.
- Apply opportunities to use non-grantor trusts to shift income.
- Determine how to time RMDs and QCDs to avoid these limitations.
- Calculate why you should itemize in 2025 not 2026.
- Apply Roth conversions from age 50 to 63 to reduce IRMAA and avoid phaseouts.
- Calculate the use of oil and gas investments to reduce AGI and avoid phaseouts.
- Use passive activity losses to offset passive income.
- Determine when to use bonus depreciation, Section 179, and cost segregation to reduce AGI.
- Determine the potential for defined benefit plans to reduce AGI.
- Use investment strategies to defer income and reduce AGI.
Highlights
OBBBA, HR 1, phaseouts, thresholds, SALT, shifting income, Roth conversions, investment strategies
Designed For
Prerequisites
Fundamental knowledge of the new H.R. 1 tax bill, commonly referred to as OBBBA.
Notice
You will receive an email from the AICPA with instructions to access this webinar.
Leader(s):
Leader Bios
Robert Keebler
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA
Robert is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 200 favorable private letter rulings including several key rulings of “first impression”. He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute.
Non-Member Price $109.00
Member Price $89.00