Year-End Tax Planning Strategies for 2018 (Currently Unavailable)

Author: Steven G. Siegel

Help Clients Deal with Tax Law Challenges with Practical Planning Strategies
There is a great deal of planning necessary as 2018 comes to an end and 2019 quickly approaches. More than ever, this year presents some challenges as the Tax Cuts and Jobs Act of 2017 affects what clients will be doing with 2018 returns and future planning.

Tax reform has scrambled many of your standard planning techniques and your clients have questions. What still works? What needs to change?

This on-demand course, presented by noted tax and estate planner, author and educator, Steven G. Siegel, J.D., LL.M., will give you a clear and practical view of how planning strategies can benefit your individual and family clients. Get the latest updates on how tax reform has affected your clients. Siegel, an outstanding speaker and presenter, will provide straightforward explanations and helpful tips on this important topic, so you can advise your clients on the best alternatives available.

All tax professionals, accountants, attorneys, financial and estate planners who advise clients on critical tax, estate planning and wealth management matters will benefit from this practice-oriented seminar.

Publication Date: November 2018

Designed For
All tax professionals, accountants, attorneys, financial and estate planners who advise clients on critical tax, estate planning and wealth management

Topics Covered

• How the 2017 TCJA Impacts Year”End Planning
• The importance of tax bracket management
• Harvesting of capital gains and losses
• Traditional year”end planning techniques
• New Deductions — Lost Deductions
• Considering the timing of retirement plan contributions and withdrawals
• Taking advantage of bunching strategies
• Roth IRA conversion and recharacterization considerations
• Maximizing the charitable contribution deduction” consideration of charitable remainder trusts
• Planning for AMT, and much more!

Learning Objectives

• Recognize how to demonstrate the implications of the Tax Cuts and Jobs Act of 2017
• Develop planning strategies to protect clients from changes under tax reform
• Describe to clients how to maximize current provisions for tax, estate and retirement planning
• Identify the new essential planning focus
• Identify the present interest annual exclusion gift for 2018
• Recognize tax areas which generally remained the same under the new tax regulations
• Describe what should be performed in order to achieve income deferral/exclusion
• Identify the amount the new §199A deduction allows for as a deduction on qualifying business income, based on the new tax regulations
• Differentiate factors the regulations require that a taxpayer meet two out of three factor, for purposes of aggregating business related to QBID
• Recognize the goal of planning for persons of moderate wealth below the federal estate tax exclusion
• Identify which elections should be made for decedent's estates
• Identify the new maximum deduction for state and local taxes
• Recognize the child tax credit amount as a result of the new tax regulations, for other dependents
• Describe what should be performed in order to maximize deductions or accelerate credits
• Identify the 3.8 percent surtax imposed on the lesser of a higher-income individual's (1) net investment income or (2) the amount of modified adjusted gross income that exceeds a specified threshold
• Recognize exceptions to the specified services and trade businesses excluded from using the Section 199A deduction

Level
Update

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of federal income taxation concepts.

Advance Preparation
None