- Credits: 14
- Format: Self-Study eBook
- Field of Study: Federal Tax Law
- Author/Speaker: Danny Santucci
|Program Prerequisites:||General Understanding of Taxes|
|Course ID:||EWTFM-T-01947-22-S | 6233-CE-0709 | DS-102.S-22|
|Published Date:||Mar 2022|
This presentation integrates Federal Taxation with overall Financial Planning. The course will explore tax strategies relating to the central financial tactics of wealth building, capital preservation, and estate distribution. The result is a unified explanation of tax economics that will permit the Tax Professional to locate, analyze, and solve financial concerns. Designed to improve the quality of services to clients and the profitability of engagements, this program projects the accountant into the world of financial planning.
This course will give the participant practice in analyzing problems, developing solutions, and presenting final personal financial plans to clients. The emphasis is on practical simplicity in dealing with the self-employed and highly compensated individual.
- Goals v. purposes
- Investment purposes
- Myths of retirement
- Investment goals
- Investment needs of five critical decades
- Investment vehicles & entities
- Retirement - the ultimate objective
- Retirement costs & income needs
- Retirement plan development
- Basic planning elements
After reading the course material, you will be able to:
- Identify short-term financial goals and investment purposes, recognize the importance of defining, listing, and prioritizing realistic goals specifying how investing allocation changes with age.
- Determine the tax consequences of title holding methods by:
- Specifying ways to hold title to assets starting with the simplest and most direct way to hold property;
- Cite the tax benefits and drawbacks of co-tenancies, corporations (both C & S), partnerships, qualified retirement plans, and trusts particularly as they relate to a client's after-tax investment return; and
- Identifying custodianship under the uniform acts and determining how an estate can be tax beneficial to taxpayers.
Who Should Attend:
- All Certified Public Accountants (CPAs)
- Enrolled Agents (EAs)
- Other Tax Return Preparer (OTRP)