Tax Planning Based on the 1040 (4102003C)

In recent years, tax legislation has included changes that will trigger in subsequent years-certain provisions expire, while others phase in. Careful tax planners must weigh current rules with an eye toward the future. Learn to chart alternatives and guide clients (and yourself) through these precarious tax times. Planning is a year-round process, and this session is loaded with ideas you can use throughout the year to save money. We'll demystify AMT, plan for charitable giving, explore tax-saving strategies for real estate owners and investors, and much more. Working systematically through Form 1040, participants receive ideas on how to reduce taxes through advance planning.

• Understand how to integrate tax planning in your practice year-round.
• Gain knowledge of the planning process and how to sell the engagement.
• Master techniques for individual tax planning.
• Learn to identify tax planning opportunities and strategize with your clients.
• Identify tax planning areas that will save your clients money.

• The tax planning engagement
• Interest and dividends tax traps
• Passive activities
• Social Security and the tax client
• Charitable contribution planning
• Real estate tax planning—from home sales to Sec.1031 exchanges
• The dreaded AMT
• IRAs and other tax deferrals
• California hot topics

CPAs, attorneys and other tax professionals with individual income tax clients who need ongoing tax advice and strategy.

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To ensure that all credit is properly recorded, please review your personal profile and update your CPA, CFP, CTEC and/or Bar license number(s).