This Year's Best Income Tax, Est. Tax & Financial Planning Ideas [IEFP]
Time: 08:30am-4:00pm
Subject:
TaxationCredit Hours:
8.00Price:
Member: $350.00
Non-member: $475.00
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.
closeWebsite registration for this course closes on September 21, 2023. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
This Year's Best Income Tax, Estate Tax & FinancialPlanning Ideas (IEFP)September 22nd, 2023 / 8:30 am 4:00 pm
Raven Landing Center / Multipurpose Room
1222 Cowels Street
Fairbanks, AK
With different tax rates for individuals and trusts, tax planning takes on more importance. New legislation 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:
- Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals
- Changes to the lifetime estate tax exemption in light of proposed regulations
- Considerations when selling a principal residence
- Tax benefits of HSAs
- An overview of the mechanics and practical considerations of Donor Advised Funds
- Virtual currency, including new Notices 2023-34 and 2023-27
- The best new income tax and estate-planning ideas
- The changing Social Security landscape: long-term solvency issues and what ii means for retirement 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
- Prepare for potential legislative changes to retirement and estate planning
Designed For: All Accounting and Finance Professionals, 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 income tax, Social Security, and estate planning
Acronym: IEFP
Discussion Leader: Susan Smith, CPA
