26 More Ways to Reduce Taxes for Individuals and Make Them Clients for Life

CATEGORY: Taxation

COURSE ID: CLMOVB, VERSION 4.00

(288)

Online & Mobile

4 CPE Credits

This course offers an array of federal tax-saving strategies and tips to assist in tax planning and compliance for individual clients. The course explains how to take advantage of work-related tax breaks and presents tips for taxpayers with education expenses, tips for families, and updated estate and gift tax planning tips. This course is most beneficial for professionals who may be at the staff or entry level, but is also beneficial for a seasoned professional with limited exposure to individual taxes.

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

4 Credits

$79.00

Online & Mobile

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Tax Tips for Education Expenses, Financial Aid, and Student Loans
1. Tip No. 1: Collecting Tax-Free Employer Benefits for Work-Related Education Expenses (Plans A and B)
2. Tip No. 2: Claiming Tax Credits for Work-Related Education Expenses (Plan C)
3. Tip No. 3: Understanding the TCJA Suspension of Unreimbursed Employee Business Expense Deductions for Work-Related Education Costs
4. Tip No. 4: Claiming Business Write-Offs for Self-Employed Work-Related Education Expenses (Plan D)
5. Tip No. 5: Undergraduate Degree Costs Cannot Be Deducted as Work-Related Business Expenses
6. Tip No. 6: MBA Costs Can Often Be Deducted as Self-Employed Work-Related Business Expenses
7. Tip No. 7: Deducting College Expenses Paid for Owner's Employee-Child
8. Tip No. 8: Understanding Five Important Things about Section 529 Plan Account Withdrawals
9. Tip No. 9: Options for Overfunded 529 College Savings Accounts
10. Tip No. 10: Understanding the Tax Treatment of College Financial Aid Benefits
11. Tip No. 11: Understanding When Tax-Free Treatment Is Available for Student Loan Cancellations
12. Tip No. 12: Taking Advantage of Breaks for Student Loan Payments
Tax Tips for Families
1. Tip No. 13: Encouraging Clients to Take Advantage of Tax-Saving Arrangements at Work
2. Tip No. 14: Deciding if Client's Spouse Should Work
3. Tip No. 15: Claiming Tax Breaks for Supporting a Relative
4. Tip No. 16: Deducting a Qualifying Relative's Medical Expenses
5. Tip No. 17: Claiming Medical Expense Deductions for Continuing Care Retirement Community Costs
Estate and Gift Tax Tips
1. Tip No. 18: Take Advantage of Super-Favorable Federal Estate and Gift Tax Regime While It Lasts
2. Tip No. 19: Updated Estate and Gift Tax Planning Strategies for Unmarried Individuals
3. Tip No. 20: Updated Estate and Gift Tax Planning Moves for Married Couples
4. Tip No. 21: What Will Happen to Well-Off Clients If the TCJA Estate and Gift Tax Regime Is Trashed or Allowed to Sunset?
5. Tip No. 22: Watch out for Generation-Skipping Transfer Tax (GSTT)
6. Tip No. 23: Taking Advantage of IRA Qualified Charitable Distributions for Clients Age 70 1/2 and Older
7. Tip No. 24: QCDs from Roth IRAs Are Allowed but Generally Inadvisable
8. Tip No. 25: Estate Planning with 529 Accounts
9. Tip No. 26: Estate Planning for the Rest of Us

26 More Ways to Reduce Taxes for Individuals and Make Them Clients for Life

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