Objective
- 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
Highlights
- Coverage of the Inflation Reduction Act of 2022
- 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
Designed For
All practitioners involved in tax planning for individuals who need to go beyond basic tax and financial planning techniquesPrerequisite
Experience in individual income tax planning and income tax return preparationAdvanced Preparation
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