Surgent's Individual & Financial-Planning Tax Camp Webcast [IFCP]
Subject:
Time: 8:30am - 4:00pm
Credit Hours:
8.00Price:
Member: $330.00
Non-member: $440.00
Discussion Leader:
Susan Smith, CPASusan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
Full Description
Surgent's Individual & Financial-Planning Tax Camp Webcast (IFCP)August 28th, 2024 / 8:30 am 4:00 pm
Live Webcast / Zoom
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.
Major Topics:
- Comprehensive coverage of the SECURE Act 2.0
- Understanding the environment: whats new, whats expired or expiring, and whats likely to change
- Reading a tax return for developing client-specific tax strategies
- 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: Whole Life Insurance, Term Life Insurance, Universal Life Insurance, and Variable Life Insurance
- 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 accounts
- 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
- Best financial planning ideas for young people
Learning 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
Designed For: Those involved in tax planning for individuals, including those who may be partners or shareholders
CPE Credits: 8, Taxation
Level of Knowledge: Intermediate
Prerequisite: Experience in individual income tax planning and income tax return preparation
Acronym: IFCP
Discussion Leader: Susan Smith, CPA
