BILI
HOW TO BEAT THE IRS LEGALLY: TAX PLANNING AND STRATEGIES FOR INDIVIDUALS

How can you retain good clients and create significantly more revenue for your firm? This course focuses on practical, innovative ideas and valuable checklists that you and your clients can put into action today. You will find that additional billings generated by implementing our strategies are well worth the price of admission for this seminar.

Major topics include:

• Proprietary checklist and integrated strategies for reviewing the prior year’s tax return and identifying planning issues that can create significant additional billings
• Why HSAs are really hot
• Meeting the requirements for taking a loss on investment
• Planning techniques for dealing with the Alternative Minimum Tax
• How to minimize the 110% estimated tax payments of your clients with creative strategies
• Income and gain deferral using options and collars
• How to take a loss on your Roth IRA
• Why AGI is important in tax planning
• College planning strategies: gifts, Roth, §529, or CESA?
• Using §529 plans as a retirement vehicle
• Building Coverdell Educational Savings Accounts for greater tax savings
• Strategies for the small business owner: a checklist
• Tactics for self-employed and owners to maximize pension and IRA contributions
• Investment and other deductible expenses your clients may be missing
• How the spouse can earn significant tax benefits
• Planning ideas to reduce taxes with income shifting to children; using a Roth for kids
• Trans-generational IRAs
• The hidden value of loans
• Tax and financial strategies for clients approaching or in retirement

Designed for: All practitioners involved in tax planning for individuals and those who want to understand techniques beyond traditional tax-saving methods.

Level of knowledge: Intermediate

Field of study: Taxes