The Best Income Tax, Estate Tax & Financial Planning Ideas 2012 [IEFP Anc]

Full Description

The Best Income Tax, Estate Tax & Financial Planning Ideas of 2012

July 12, 2012

Location:
Alaska Society of CPAs
341 West Tudor Rd. #105
Anchorage, AK 99503

$295 Member Fee
$445 Non Member Fee

Income and transfer tax rates appear destined to change yet again, and clients will require extensive planning and reconsideration of appropriate tax strategies. CPAs must be prepared for one of the most complex years in recent history. The purpose of the 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!

Major Topics:
What to do in light of new and potential estate and income tax law
The best new income tax and estate-planning ideas in light of tax reform
Major 2012/2013 tax ideas
The changing social security landscape: what it means for planning
Personal residences: new ideas and strategies
Creative charitable giving strategies
Financial planning strategies
Life insurance trusts and viatical settlements
Maximizing retirement plan benefits
Using intentionally defective grantor trusts, and SCINs
Alternatives to private annuities
Do GRATs have a future?
Miscellaneous tax-planning techniques that can add up to significant tax savings
How to use the whole family for tax savings
The changing face of family limited partnerships
Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings

Learning Objectives:
To be aware of what individuals need to do before the end of 2012
To identify strategies that are effective following estate and gift tax reform
To understand options available to baby boomers as they reach retirement in light of Social Security
Who Will Benefit:
All practitioners, especially those who want to provide the best up-to-the-minute tax advice.
Level of Knowledge: Intermediate
Prerequisite: Basic course in individual income tax, Social Security, and estate planning
Advanced Preparation: None
CFP: Yes
Credits: 8
Field of Study: Taxes
Acronym: IEFP
Discussion Leader: Arthur Auerbach, CPA, is a tax consultant for Goodman and Company of McLean, VA, specializing in tax consulting and estate and financial planning for individuals and closely held businesses. He is chairman of the Tax Committee of the Virginia Society of Certified Public Accountants, and a member of the Greater Washington Society of Certified Public Accountants. He is currently a member of the AICPA Individual Tax Resource Panel, the tax commissioner liaison committee member of the Virginia Society of Certified Public Accountants, and also serves as a member of the Advisory Board for the District of Columbia Office of Tax and Revenue.
Over the course of 40-plus years, Mr. Auerbach has managed a tax department, and has taught intermediate and cost accounting at Pace University as an adjunct professor. He was an editor for the Tax Research Institute of America. He has also authored several articles for trade association periodicals and he has appeared on CSPAN and the CBS Evening News, answering various tax questions. In addition, he is a nationally known lecturer on a variety of income tax and employee benefit topics for the continuing education requirements for CPAs.
Mr. Auerbach holds a Bachelor of Business Administration degree in accounting from Pace University in New York.