ITPS
MAKE MONEY FOR YOU AND YOUR CLIENTS:
SURGENT McCOY’S TOP INDIVIDUAL TAX PLANNING STRATEGIES
Tax planning strategies are only as good as what they add to the bottom line. With significant tax changes looming under tax reform in 2011, clients need to review their best options for action in 2010. You want to retain clients, your firm wants to generate more revenue, and your clients simply want their wealth to grow. This course focuses on practical, innovative ideas and techniques that you and your clients can put into action today. Major Topics
- Tax rate changes – what you can do now and later
- Year-end tax planning – 2010 is a pivotal year
- When to accumulate or defer income
- Pension and IRA strategies
- Gifting strategies
- A comeback for tax shelters
- Social Security: planning for the increase
- Kiddie tax issues in 2010 and beyond - what to do now
- Identifying tax opportunities: what a structured review of the tax return can reveal
- Estimated tax issues and solutions
- Options: an overlooked option
- Strategies with investments that save taxes
- Where to find the best credit cards
- Converting to a Roth IRA: when and why
- Taking an interest in interest
- Using §529 plans as a retirement vehicle
- Building Coverdell Educational Savings Accounts for greater tax savings
- Strategies for the small business owner
- Tactics for self-employed and owners to maximize pension and IRA contributions
- Identifying deductions investors and other clients may be missing
- Madoff update: what to do about worthless securities
- How the spouse can earn significant tax benefits
- Roth IRAs for children: no minor matter
- Trans-generational IRAs
- Tapping the tax resources of residences
- Seven financial planning strategies for younger adults
- Financial calculations made easy online
Learning Objectives
- Understand what the tax return tells you about tax planning for the client
- Understand where to find calculations and other aids for individual clients
- Understand planning issues for clients whose tax rates are changing under tax reform
Designed For: All practitioners involved in tax planning for individuals and those who want to understand techniques beyond traditional tax-saving methods.
Level of Knowledge: Intermediate
Prerequisites: Experience in individual income tax planning and return preparation
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