Financial Tax Planning – 2.5 hrs. CPE
This course integrates federal taxation with overall financial planning. The course explores tax strategies relating to the central financial tactics of wealth building, capital preservation, and estate distribution. The result is a unified explanation of tax-economics that will permit the tax professional to locate, analyze, and solve financial concerns. Designed to improve the quality of services to clients and the profitability of engagements, this program projects the accountant into the world of financial planning.
Course Information
Price: $30
This course is included in our Mega CPE Special and our Unlimited Tax Bundle
Course No. M010
Format: Online pdf (61 pages). Printed book available.
Instructional Delivery Method: QAS Self-Study
Prerequisites: General understanding of federal income taxation
Advance Preparation: None
Level: Overview
CPE Credit: 2.5 hrs.
Field of Study: Taxes: Technical
Course expiration: You have one year from date of purchase to complete the course.
Course Revision Date: February 2025
Objectives
Upon completion of this course participants should be able to:
- Identify planning misconceptions such as length of retirement and annual income needed.
- Determine income types, from a tax perspective, to be budgeted into cash so that income-producing assets can be acquired and managed for an effective investment plan.
- Recognize the means of achieving tax deferral through like-kind exchanges and retirement plans.
- Determine how to use tax credits, estimated taxes, and basic deductions including limits imposed by §469.
- Specify formats for income splitting that can benefit taxpayers by lowering overall taxes as a unit and permitting wealth and tax allocation among individuals or entities.
- Identify the impact of divorce and separation settlements on retirement and recognize the availability of Social Security benefits.
Study Topics:
* Comparing goals and purposes
* Investment goals and retirement planning
* Building an estate
* Section 1031 “like-kind” exchanges
* Retirement plans
* Tax credits and estimated taxes
* Basic deductions
* Income splitting
* Elimination
* Fringe benefits
I like that the tax changes were showed what they are now and what they have been.