IFCP
SURGENT'S INDIVIDUAL AND FINANCIAL-PLANNING TAX CAMP

Each year brings its own set of tax planning challenges, and 2015 is no exception. This course aims to inform tax planners with the most important planning ideas wealthy clients, middle-income clients, and closely held business owners need to consider in 2015 to take advantage of the present and plan for the future. Learn strategies that can really have an impact on clientsÂ’ lives, while also bringing value to you and your firm.

Major Topics:

  • Understanding the environment: what’s new, what’s expired or expiring, and what’s likely to change
  • Review of legislative proposals
  • Will there be more changes in the individual tax laws?
  • An in-depth discussion of the 3.8-percent surcharge tax, including how it is computed and what planning steps must be taken
  • Family income-splitting strategies that need to be considered
  • Income tax issues: impact on timing of other income, selection of investments
  • Why maximizing pension plans takes on new importance
  • 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
  • Prioritizing allocations among investment, retirement, and college funding vehicles
  • What to do about itemized deductions: will they still be available?
  • Trans-generational planning: conversions, income and gain-splitting
  • 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

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 who need to go beyond basic tax and financial planning techniques
Level of Knowledge: Intermediate
Prerequisite: Experience in individual income tax planning and income tax return preparation
Advanced Preparation: None
Credits: 8