Lifecycle Financial Planning - Simple but Effective Individual Tax Planning Strategies

Overview

After the Tax Cuts & Jobs Act, practitioners had to change their approach to planning. There simply were not as many itemized deductions as there used to be. While many courses focus on complex strategies that will only work with high-net-worth clients, there are many effective strategies still available today that will work with any client if you know where to look. The goal of this course is simple: to provide financial advisors and tax practitioners with a simple framework for tax planning with nearly any client. We will discuss bracket management, tax efficient investing strategies, and those after year-end contributions to HSAs and IRAs with one goal - helping your client get the best tax planning possible.

Highlights

• Tax planning and the financial planning pyramid
• Bracket management
• Capital gains bracket management
• Tax efficient investing
• Sec 121 exclusion
• Qualified Charitable Distributions (QCDs)
• IRA contributions and strategies
• HSA contributions with coverage changes

Prerequisites

A basic understanding of individual income tax law and basic deductions.

Designed For

Tax practitioners and financial advisors who work with a wide range of individual tax clients.

Objectives

• State the role of tax planning within the overall financial plan.
• Identify basic but effective tax planning strategies on individual tax returns.
• Recognize which deductions are the most valuable to the taxpayer.

Preparation

None

Notice

This is a self-study/on demand course offered by a 3rd party vendor. Course access information will be emailed directly to you by Peters Professional Education (PPE). The course expires one year from the purchase date.