BEACH RETREAT: Tax Planning Based on Form 1040 Part 1 – Art Werner, JD., MST (1BR010-14)
Description
The many changes made to the Internal Revenue Code since 2001 have
created numerous unique planning opportunities for individuals. Careful
tax planners must weigh current rules with an eye toward the future.
This course will assist the practitioner in charting alternatives and
guiding clients through these complex tax times. Planning is a
year-round process, and this course is loaded with ideas that can be
used throughout the year to reduce taxes. Among the ideas discussed will
be the Alternative Minimum Tax, charitable giving, tax-saving strategies
for real estate owners and investors, and much more. Working
systematically through Form 1040, the practitioner will be given many
ideas on how to reduce taxes through advance planning.
Learning Objectives
To teach the practitioner to chart alternatives and guide clients
through complex tax issues based on Form 1040
To provide strategies for
reviewing a prior year's tax return and identifying tax planning
opportunities.
Major Topics
Health savings accounts (HSAs)
Alternative Minimum Tax-how to deal
with it
Roth IRAs-proper use
The importance of AGI in tax planning
Alternative techniques and strategies using Section 529 plans
Coverdell Educational Savings Accounts
Small business owner strategies
Retirement planning strategies
Income shifting to children-a revised
strategy
Strategic estate planning advice integrated with income tax
planning