28 Ways to Reduce Taxes for Individuals and Make Them Clients for Life

CATEGORY: Taxation

COURSE ID: CLMOVA, VERSION 4.00

(187)

Online & Mobile

6 CPE Credits

Level: Intermediate

This interactive course offers an array of federal tax-saving strategies and tips to assist in tax planning and compliance for individual clients in the current environment. The course offers tips for investors, day traders, parents, retirement account owners, homeowners, and real estate investors. The content has been updated to reflect tax changes included in the SECURE Act and the SECURE 2.0 Act. This course is most beneficial for professionals who may be at the staff or entry level, but is also beneficial for seasoned professionals with limited exposure to individual taxes.

By proceeding to the examination, you acknowledge and confirm that you have completed the required coursework.

6 Credits

$99.00

Online & Mobile

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Tax Tips for Investors
1. Tip No. 1: Take Advantage of Lower Individual Tax Rates While They Last
2. Tip No. 2: Take Advantage of 0% Tax Rate for Long-Term Gains and Dividends While It Lasts
3. Tip No. 3: Managing Capital Losses and Capital Loss Carryovers
4. Tip No. 4: Managing Section 1231 Losses
5. Tip No. 5: Locking in Beneficial Tax Treatment for Day Traders - Especially Those with Big Trading Losses
6. Tip No. 6: Traders Should Segregate Their Longer-Term Investments to Remain Eligible for Lower Tax Rates on Long-Term Capital Gains
7. Tip No. 7: IRS Is Focusing Hard on Cryptocurrency and Other Digital Asset Transactions
Tax Tips for Retirement Accounts
1. Tip No. 8: Determining the Tax Treatment of Traditional IRA Withdrawals
2. Tip No. 9: Determining the Tax Treatment of Roth IRA Withdrawals (Some May Be Taxable)
3. Tip No. 10: Avoiding the 10% Penalty Tax on Early IRA Withdrawals
4. Tip No. 11: Form 5329 Must Be Filed to Report 10% Early Withdrawal Penalty Tax
5. Tip No. 12: Doing Qualified Plan Account to IRA Rollovers the Tax-Smart Way
6. Tip No. 13: Avoiding the One-IRA-Rollover-Per-Year Limitation
7. Tip No. 14: Taking Advantage of IRA Rollover Privilege for Non-Spousal Qualified Retirement Plan Beneficiaries
8. Tip No. 15: Understanding How SECURE Act Changes Affect Retirement Savers
9. Tip No. 16: Understanding SECURE Act Change That Seriously Injured the Stretch IRA Strategy
10. Tip No. 17: Evaluating Alternatives to the Now-Injured Stretch IRA Estate Planning Strategy
11. Tip No. 18: Most Important SECURE Act 2.0 Tax Changes for Individuals
Tax Tips for Homeowners and Real Estate Investors
1. Tip No. 19: Deducting Home Mortgage Interest and Property Taxes
2. Tip No. 20: Dealing with TCJA Changes Affecting Rental Real Estate Investors
3. Tip No. 21: Handling Rental Real Estate Losses
4. Tip No. 22: Planning to Avoid the PAL Rules for Rental Real Estate Losses
5. Tip No. 23: Full Details on How to Take Advantage of Real Estate Professional Exception to PAL Rules
6. Tip No. 24: Understanding and Planning for When Ordinary Income Recapture and the 25% Tax Rate Apply to Depreciable Real Estate Gains
7. Tip No. 25: Slashing Taxes on Appreciated Land with S Corporation Developer Entity Strategy
8. Tip No. 26: While It Lasts, Reverse Mortgage Strategy Can Be Tax-Smart Deal for Seniors with Greatly Appreciated Homes
9. Tip No. 27: Taking Advantage of Principal Residence Gain Exclusion Break in Divorce Situations
10. Tip No. 28: Electing Out of Gain Exclusion Break

28 Ways to Reduce Taxes for Individuals and Make Them Clients for Life

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