This deep-dive session examines the federal income tax system, with
particular reference to the taxation of individuals and businesses.
Participants will also get an in-depth review of the various tax-related
aspects of investments, life insurance, annuities and securities.
Learning Objectives
Understand filing statuses available for individuals Examine the financial planning implications of itemized deductions
Understand the income tax filing requirements for individuals and businesses Classify businesses for income tax purposes according to the check-the-box regulations Illustrate the benefits of income splitting Discuss the tax limitations imposed on the tax-deductibility of gifts made to charity Describe the requirements necessary to defer recognition of gain in a like-kind exchange under Section 1031 Identify the classification of assets for income tax purposes
Major Topics
Federal income tax system Tax filing statuses and requirements Tax deductibility of gifts Section 1031 Asset classification
