Critical Tax Issues & Money Management Ideas for Middle Income [TPESB Anc]

Full Description

Critical Tax Issues and Money Management Ideas for Your Growing, Middle-Income Clients

July 14, 2010
Anchorage, Alaska

$295 AKCPA Member Fee
$370 Non Member Fee
$30 Discount for AICPA Members

Turn your younger and middle-income tax clients into profitable long-term clients with integrated tax and money management strategies. Help clients reeling from the stock market and real estate meltdowns to plan ahead and build financial security in todays uncertain world. Our engagement worksheets and checklists can help your clients save more, pay lower taxes and reduce risk. Put your middle-income clients back on the path to financial security with a much-needed back-to-basics approach.

Objectives
Upon completion of this course, participants will be able to:
Help clients achieve long-term financial security
Advise clients how to make smart decisions on housing, insurance and investments
Develop a retirement savings program that meets a clients needs
Take advantage of tax breaks that can add up to major bucks over the years

Highlights
How economic and tax changes have drastically altered the financial-planning landscape and how to calculate the clients real marginal tax rate
Helping clients take advantage of taxpayer-friendly rules for personal residence dispositions including short sales and foreclosures
Maximizing tax-saving and wealth-building opportunities at the clients job; health savings accounts (HSAs); flexible spending accounts, stock options and fringe benefits; two-earner incomes
Taking advantage of other tax deductions and credits; year-end tax planning strategies
The home as a financial asset and tax shelter: rent vs. buy analysis with worksheet; determining how much house the client can really afford with worksheet; home sale rules
Updated strategies for saving and investing; budgeting system to help the client eliminate debt and negative cash flow and start saving money; relationship between investment risk and reward; asset allocation strategies; how tax rules make certain types of investments more (or less) attractive for taxable and tax-advantaged accounts
Life and disability insurance: determine how much coverage the client needs with worksheets; tax considerations for insurance products
Evaluating long-term care insurance
Developing a personalized game plan to build financial security for each client
The scoop on Treasury Inflation Protected Securities and Savings Bonds
Deducting IRA and 529 plan losses

Who Will Benefit
CPA firm tax seniors and financial advisers

Level: Intermediate

CPE Credit Hours: 8 (Accepted for PFS, CFP, CMA, CFM and EA continuing education credit)

NASBA Field of Study: Taxes
Prerequisite: Basic knowledge of individual financial planning and taxes
Acronym: TPESB
Discussion Leader: Steven Lustig
Mr. Lustig is the founder of Galapagos Financial Partners, LLC, based in Gaithersburg, Maryland and La Jolla, California, which, for businesses and individuals, specializes in Financial and Tax Planning, Budgeting, Funding Sources and Uses of Funds, Tax Strategies, Management Structure, Finance Department Operations and Human Resource issues.

Mr. Lustig has lectured throughout the United States for the AICPA, ABA, CPA firms, and national and local business organizations and has authored tax material and courses in closely held business areas, estate planning and negotiating with the IRS. Mr. Lustig is the recipient of the AICPA Outstanding Discussion Leader Award in years 2005 - 2008.