Event Description

The many changes made to the Internal Revenue Code have created numerous unique planning opportunities for individuals. Careful tax planners must weigh current rules with an eye toward the future. This course will assist the practitioner in charting alternatives and guiding clients through these complex tax times. Planning is a year-round process, and this course is loaded with ideas that can be used throughout the year to reduce taxes. Among the ideas discussed will be the Alternative Minimum Tax, charitable giving, tax-saving strategies for real estate owners and investors, and much more. Working systematically through Form 1040, the practitioner will be given many ideas on how to reduce taxes through planning.

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers

Objectives

At the end of this course, you will be able to:

• Identify planning opportunities using current and expected 2025 tax law changes
• Analyze Form 1040 line-by-line for areas of client savings and exposure
• Apply AGI management strategies to optimize deductions and credits
• Evaluate updated rules for Roth IRAs, retirement planning, and AMT exposure
• Utilize HSAs and 529 plans under current and projected contribution limits
• Recommend tax-efficient approaches for real estate and small business owners
• Recognize key changes affecting charitable contributions and income shifting
• Integrate estate and income tax strategies in light of updated exemption levels

Major Subjects

MAJOR TOPICS:

• 2025 tax reform and its effect on individual planning
• Adjusted Gross Income: planning levers and phaseouts
• Health Savings Accounts and Section 529 planning strategies
• AMT strategies with updated exemption thresholds
• Roth IRA conversions and retirement optimization
• Charitable giving under new and existing tax rules
• Tax planning for real estate investors and small business owners
• Coordinating estate and income tax strategies
• Shifting income to children and evaluating updated kiddie tax rules