Tax Planning for the Moderate-Income Client

2 Hours - On Demand Webinar Content - No CPE - for Information Purposes Only

Tax Planning is not just for the rich and famous. This course will provide insights to numerous topics so tax professionals can assist their moderate-income clients to create and preserve wealth. Ensure we provide our clients with the tools necessary to provide practical tax planning techniques and be hands-on to develop a long-term beneficial relationship. Join us in deciphering the mystery of Tax Planning for the average taxpayer.

Learning Objectives: 

• Demonstrate how QCD can reduce taxes and maximize charitable deductions
• Discuss Form SSA-44, Life-Changing Events and reducing Medicare Part B premiums
• Appraise the benefits of 529 Plans and Paying for College and implement
• Counterintuitive tax planning regarding Scholarships and AOTC
• Analyze, compare and PLAN regarding Retirement plans
• Dramatize 401(k) savings for the average taxpayer
• Critique Divorce situations to benefit clients and explain why 50/50 is not always equal
• IRC § 121 opportunities
• Clarify the implications of the capital gains reduced tax rate and potential issues
• Illustrate bunching of itemized deductions
• Translate when to take Social Security and related issues
• Review employing your child
• Examine Health Reimbursement Arrangements & Employing your spouse
• Understand unique elderly client issues and Estate planning/Will issues