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 clients lives, while also bringing value to you and your firm.
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
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 Field of Study: Taxes(8) CFP Credit: Yes