Objective
- Understand changes to tax law affecting individual taxpayers through the present
- Identify strategies that are effective following estate and gift tax changes
Highlights
- Coverage of the Inflation Reduction Act of 2022
- Timely coverage of breaking tax legislation
- The SECURE Act, including IRA and RMD changes, reviewing beneficiaries, and discussing stategies to mitigate the elimination of the stretch IRA in light of new 2022 proposed regulations
- Changes to the lifetime estate tax exemption by the TCJA in light of April 2022 proposed regulations
- Considerations when selling a principal residence
- Tax benefits of HSAs
- An overview of the mechanics and practical considerations of Donor Advised Funds
- A historical overview of virtual currency as well as increased IRS scrutiny on the tax implications of such transactions
- An update on income tax and estate-planning ideas, including any recent changes
- Tax ideas for the current year
- Miscellaneous tax-planning techniques that can add up to significant tax savings
- How to use the whole family for tax savings
- Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings
Designed For
All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advicePrerequisite
Basic course in individual income tax and estate planningAdvanced Preparation
None