Courses

Surgent's Top Individual Tax Planning Strategies

Register

Member Price: $0.00 Non-Member Price: $0.00

Date/Time:: Oct 4, 2022, 1:00pm–3:00pm
Developer:: SURGENT MCCOY SELF-STUDY CPE, LLC
Level:: Basic

It is unclear at the beginning of 2022 whether this year will see major tax changes or not. To a large extent, this depends on President Biden's ability to shepherd changes originally part of the Build Back Better Act through Congress. If this does not prove to be the case, then 2022 will be marked more by the repeal of major changes enacted as part of attempts to stabilize the economy due to the COVID pandemic. Many taxpayers may use 2022 to plan for the eventual enactment of part or whole of the tax changes contained within the Build Back Better Act.

Objective

Advise individual clients on implementing tax planning strategies in 2022

Highlights

Accelerate gifts of appreciated property before the end of 2022
Evaluate existing estate plans in anticipation of a reduction in the transfer tax exemption
Sell appreciated capital assets in 2022
Cash out of carried interest positions before such positions are taxed as ordinary income
Take advantage of Section 1031 exchange opportunities in 2022
Maximize contributions to IRAs and qualified retirement plans
Consider making a Roth IRA conversion in 2022
Consider investing in Series I Savings Bonds
Evaluate Social Security payment options

Designed For

Tax practitioners who anticipate advising individual clients regarding tax planning opportunities for 2022

Prerequisite

A basic understanding of the tax rules relating to individual income tax

Advanced Preparation

None