Cut Your Client’s Tax Bill: Individual Tax Planning Tips and Strategies

When you complete this course you will be able to:

• Recall how to increase client wealth by focusing on tax-saving opportunities not considered in the past.
• Apply tax-planning moves in light of new and recent tax developments.
• Recognize ways to protect your client from tax pitfalls.
• Recall anticipated possible tax legislation and determine how to position your clients for financial success.

• Impact of Supreme Court’s rejections of Defense of Marriage Act
• New 0.9% and 3.8% Medicare taxes
• Mutual fund tax strategies
• All about Roth IRAs – including strategies for self-employed individuals and estate planners
• The 100% gain exclusion for qualified small business stock
• Personal residence transactions – including short sales and foreclosures
• Reverse mortgages can save taxes on greatly appreciated residences
• Converting personal residences into rentals: tax implications
• Tax-saving ideas for self-employed clients – including ways to reduce SE and FICA taxes, strategies for husband-wife businesses, depreciation breaks and much more
• Tax angles for vacation homes, timeshares, and co-ownership arrangements
• Divorcing clients – tax angles are critically important
• State-of-the-art tax planning for college expenses
• Employer stock options: tax planning moves