This Year's Best Income Tax, Estate Tax, and Financial-Planning Ideas
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Virtual
8.00 Credits
Member Price $309.00
Non-Member Price $459.00
Overview
You could pay $0 for this course!
This course qualifies for EA/IRS and CFP credit. If you need EA/IRS credit, please contact Tyler Dion (tdion@masscpas.org) after you have registered and provide him your PTIN number.
With different tax rates for individuals and trusts, tax planning takes on more importance. New legislation increases the importance of generating new ideas for financial planning and saving for retirement. The purpose of this course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This course is crucial for CPAs who are looking for good ideas that can save clients money! Continually updated for legislative developments.
This course qualifies for reimbursement through the state’s Workforce Training Express Fund. Firms/companies with fewer than 50 staff can be reimbursed up to 100% of the cost of training and firms/companies with 50-100 employees can be reimbursed up to 50% of the cost of training. You must register for the course and apply for reimbursement through the Workforce Training Express Fund website a minimum of three weeks prior to the start of the course. The course code for this program is C-2345. To learn more, click here or contact Julia Ekelund at jekelund@masscpas.org.
Highlights
Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals Changes to the lifetime estate tax exemption in light of proposed regulations Considerations when selling a principal residence Tax benefits of HSAs An overview of the mechanics and practical considerations of Donor Advised Funds Virtual currency and digital assets The Corporate Transparency Act and FinCEN Beneficial Ownership Information reporting The best new income tax and estate-planning ideas The changing Social Security landscape: long-term solvency issues and what it means for retirement planning Creative charitable giving strategies Financial planning strategies Maximizing retirement plan benefits Using intentionally defective grantor trusts Miscellaneous tax-planning techniques that can add up to significant tax savings How to use the whole family for tax savings Life insurance Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings
Prerequisites
Basic course in individual income tax, Social Security, and estate planning
Designed For
All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advice
Objectives
Understand life insurance for both income and estate planning Identify strategies that are effective following estate and gift tax reform Understand options available to baby boomers as they reach retirement in light of Social Security Prepare for potential legislative changes to retirement and estate planning
Preparation
None
Leader(s):
Leader Bios
William Taylor, Surgent McCoy CPE LLC
William (Bill) F. Taylor, CPA, is president of Renasant Bank in Water Valley, Mississippi and an employee benefit adviser for Renasant Financial Services. He has been an employee benefit and investment consultant for more than 20 years, beginning his career as the employee benefits coordinator in the Jackson office of KPMG Peat Marwick, and managing his own firm for 10 of those years.
Taylor is a nationally known consultant and speaker who has conducted seminars for the American Society of Pension Professionals and Actuaries, more than 40 state CPA and Bar associations, and other organizations. He is a two-time recipient of the AICPA’s Outstanding Discussion Leader award. Taylor is the author of several books and his articles have appeared in numerous publications. He graduated from the University of Mississippi with a B.B.A. in Banking and Finance and a Master of Accountancy in Taxation.
Non-Member Price $459.00
Member Price $309.00