This Year's Best Inc. & Estate Tax & Finan. Planning Ideas Web. [IEFP]

Sep 16, 2021
Time: 8:30am - 4:00pm



Credit Hours:



Member: $295.00
Non-member: $445.00

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Discussion Leader:

Susan Smith, CPA    more info

Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was 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 tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.

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Website registration for this course closes on September 15, 2021. To register after this date please contact the society at or 907-562-4334.

Full Description

This Year's Best Income Tax, Estate Tax & Financial-Planning Ideas Webcast (IEFP)

September 16th, 2021

With different tax rates for individuals and trusts, tax planning takes on more importance. New legislation including the SECURE Act and CARES Act increases the importance of generating new ideas for financial planning and saving for retirement. The purpose of this 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! Continually updated for legislative developments.

Major Topics Covered:
-The SECURE Act IRA and RMD changes, with a specific look at planning strategies in light of the elimination of the "stretch IRA"
-Other SECURE Act changes, including expanded 529 plans and 401(k) retirement accounts for part-time workers
-CARES Act retirement plan updates
-CARES Act changes to 461(l), 163(j) and NOLs
-A historical overview of virtual currency as well as increased IRS scrutiny on the tax implications of such transactions
-The best new income tax and estate-planning ideas, including items from tax reform
-Highlights of the Tax Cuts & Jobs Act including the 199A deduction
-The changing Social Security landscape: what it means for planning
-Creative charitable giving strategies
-Financial planning strategies
-Maximizing retirement plan benefits
-Using intentionally defective grantor trusts
-Miscellaneous tax-planning techniques that can add up to significant tax savings
-How to use the whole family for tax savings
-Life insurance
-Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings

Learning Objectives:
-Understand life insurance for both income and estate planning
-Identify strategies that are effective following estate and gift tax reform
-Understand options available to baby boomers as they reach retirement in light of Social Security

Designed For: All practitioners, especially those who want to provide the best up-to-the-minute tax advice.

CPE Credits: 8, Taxation

Level of Knowledge: Intermediate

Prerequisite: Basic course in individual tax, Social Security and estate planning.

Acronym: IEFP

Discussion Leader: Susan Smith, CPA