The Best Individual Income Tax Update Course [BITU Fbx]

Full Description

The Best Individual Income Tax Update Course by Surgent McCoy

October 29, 2010
Fairbanks, Alaska

$295 AKCPA Member Fee
$370 Non Member Fee

The year 2010 will be one of biggest years in the past twenty for individual tax planning in light of tax reform and changes in tax rates. This highly informative course responds to the latest in tax law developments, including discussions of the planning opportunities available to your individual tax clients. This up-to-date knowledge will enable you to further discuss new developments and tax-saving ideas applicable to your clients and their growing needs in light of post-election developments.

Major topics include:
Impact of tax rate changes on individuals under tax reform
Year-end tax planning: what should be accelerated and what should be deferred
Planning in a bad or recovering economy
Converting a traditional IRA to a Roth IRA: why 2010 is the year
Estate and gift tax reform: proposed and enacted legislation
Schedule E rental real estate and other investments
Kiddie Tax: the young have gotten older
Travel and entertainment: overlooked or overused?
Retirement planning strategies: qualified plans and IRAs, traditional and Roth
Medical expenses: examining the alternatives following healthcare reform debates
Charitable contributions: opportunities still remain
Education expenses, credits, and funding: recent developments
AMT issues: is it just one patch after another?
Practice aids, including 2010 inflation-adjusted amounts, mileage rates, and more
Complete coverage of all the latest IRS rulings and procedures affecting individuals in general, along with an up-to-date summary of the most important tax court decisions and tax law changes in this area
Other late-breaking tax law changes

Objectives
Understand strategies and tactics to use in light of tax rate changes
Understand the most current guidance on retirement planning and Social Security
Understand how to nail down valuable deductions and other reductions to the tax base
Designed for: All tax practitioners, both those working in public accounting as well as those in private industry, who need the latest information on tax changes affecting their individual clients.

Level: Update

Prerequisite: Experience in individual tax planning

Acronym: BITU

Discussion Leader: Susan Smith, CPA
Susan manages her own firm specializing in tax planning for individuals and business owners. Smith spent 14 years as a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership specialized practice units. While at Peat Marwick, Smith led the real estate and tax practices locally.

Smith is a frequent speaker at tax conferences and has been an associate adjunct professor at Widener University in the masters in taxation program. Her ratings have consistently exceeded 4.5 on a scale of 5.0. With regard to her education, she earned her Bachelor of Business Administration degree, with an accounting concentration, in 1978.