This Year's Best Income Tax, Estate Tax, and Financial-Planning Ideas
Online
8.00 Credits
Member Price $289.00
Price will increase by $35 after 11/2
Non-Member Price $414.00
Price will increase by $35 after 11/2
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
- Comprehensive coverage of key provisions enacted under The One Big Beautiful Bill Act (OBBBA)
- 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 and digital assets - understand the new Form 1099-DA for reporting digital assets
- 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
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
Dennis Riley
Dennis Riley has more than 35 years of experience in accounting, consulting, tax preparation, and government representation. He specializes in the tax and business needs of individuals, families, and entrepreneurial small businesses. He is a frequent lecturer on topics related to taxation and closely held businesses. He has received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Riley’s experience includes a range of services including negotiations with federal and state government tax authorities, offers in compromise, closing agreements, strategic business plans, litigation support, record reconstruction, business formation and dissolution, problem solving, and tax preparation. He has resolved multiple-year filing issues, organization issues, and business transition problems.
Non-Member Price $414.00
Member Price $289.00