Individual Tax Planning Ideas

Overview

With the far-reaching changes brought about by recent tax reform, careful planning takes on new importance. This course presents the most important income tax planning ideas wealthy clients and closely held business owners need to consider this year to take advantage of the present and plan for the future. It highlights areas in the income tax return that suggest future opportunities for the individual client. Continuously updated for the latest legislation and IRS guidance.

Designed For

All practitioners involved in tax planning for individuals who need to go beyond basic tax and financial planning techniques

Major Topics

• Comprehensive coverage of the Inflation Reduction Act of 2022 and SECURE Act 2.0
• Timely coverage of breaking tax legislation
• Retirement planning in light of IRA and RMD changes
• Review of pertinent changes from recent legislation
• Reading a tax return for developing client-specific tax strategies
• Identifying tax opportunities: reviewing the prior-year return to develop a plan for the future
• Compensation and fringe benefit issues
• Identify clients with net investment income tax problems and the potential ways to reduce or eliminate them
• All in the family: Tax tactics for spouses, children, and parents
• Understanding the environment: what’s new, what’s expired or expiring, and what’s likely to change

Learning Objectives

• Identify areas where individual taxpayers are not taking full advantage of the Code
• Know the directions in which taxes are changing or are likely to change and how that affects planning

Prerequisites

Experience in individual income tax planning and income tax return preparation

Advanced Preparation

None

Level of Knowledge

Intermediate

Instructional Delivery Method

Group Internet Based

CPE Credit

Participants will earn 4.0 CPE credits

Field of Study

Taxes

Registration Requirement

Pre-registration is required for this event. To register, please visit our website at tx.cpa or contact our office at 800.428.0272. To receive the full CPE credit hours, you must be logged in and engaged for the duration of the program. Late arrivals and/or early departures will be captured by the submission of participant codes within the attendance monitoring application within the webinar broadcasting application.

Refunds and Cancellations

Registration changes can be made by calling 800-428-0272 or 972-687-8500 (option 2) or by emailing learning@tx.cpa. No shows forfeit the entire registration fee.

Cancellations for in-person conferences and events received at least 10 business days prior to the start of the event are eligible for a full refund. Cancellations received less than 10 business days prior to the start of the program are subject to a 50% cancellation fee due to facility, food and beverage fees being incurred.

Cancellations for webinars, webcasts, and online programs received at least five business days prior to the start of the program will be eligible for a full refund. Cancellations received less than five business days in advance of the program are subject to a 25% cancellation fee.

The Texas Society of CPAs is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. Boards of Accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.