12 Tips to Reduce Taxes for you Clients

4.6 (1340)

Jason Dinesen, EA

Dinesen Tax & Accounting, P.C.

Friday, March 12, 2021 | 11:30 AM EST

  • AFSP
  • CPA
  • EA
  • Tax Pros
  • PFS
  • CTEC

1 CPE | 1 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CPD credit (Verifiable) of Personal Financial Planning Process for PFSs

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273)

1 CE credit of Federal Tax for Oregon Tax Preparers

1 CE credit of Federal Tax for Maryland Tax Preparers

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ )

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Course Description

We know you’re already well aware of the fact that there are significant changes made to the tax code on an annual basis. You’re also familiar with how detailed these new regulations can be, and how challenging it sometimes is to commit them to memory or to even make sense of them in the first place. 

With the far-reaching changes brought about by recent tax reform, careful planning takes on new importance. This webinar presents the most important income tax planning ideas for your clients which you need to consider this year to take advantage of the present and plan for the future. It highlights areas in the income tax return that suggest future opportunities for the individual client.

This interactive 1 CPE/CE credit course will provide you several planning ideas that can be implemented, including:

  • HSA’s and HRA’s to reduce medical costs
  • Use of the new version of Kiddie Tax
  • IRS agents’ hit list including Meals & Travel
  • Like-Kind Exchanges – IRC 1031 – The Best Tax Shelter ever
  • IRC 121 – Exclusion of gain on sale of personal residences
  • Medical Dependents – A missed opportunity to save families money
  • Reasonable compensation – Save Payroll Taxes while generating QBI deductions
  • Understanding IRC 754 to avoid malpractice

Learning Objectives

  • To learn and consider some popular tax planning techniques & ideas.
  • To learn how to reduce taxes using legal and tested methods
  • How to convince clients to consult their professionals to avoid missing tax saving opportunities
  • To work with other professional to design tax savings transactions
  • To Identify areas where tax reform may have a more significant impact for individuals and businesses

Who Should Attend?

  • Enrolled Agent
  • Tax Attorney
  • Tax Practitioners
  • Bookkeeper
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Accounting Managers
  • Tax Preparer

Testimonial

4.6

(1340)
67%
29%
4%
0%
0%

PS

This was fantastic! I look forward to more tax-shelter discussions and similar. Tax and retirement planning is a strong personal interest of mine (and I've passed all four section of the CPA exam), and this session was exactly what I had hoped it would be! Tax is not a part of day-to-day finance responsibility at work, though, which is why the "in my job" ratings are neutral. I will use this info personally, but not as part of my at-work role.

AB

I couldn't think of any improvement needed. The program is very effective in all aspects...knowledge and presentation skills of the instructor including handout materials are perfect!

LT

This really helps to reconcile what what before and what is new to ponder upon as we approach the upcoming Tax Season

MMD

I especially liked the conformation that the back door Roth IRA applies to the total of ones retirement plans. So many financial planners are not well versed on this issue.

JA

The instructor seems to be knowledgeable in his field but so much of the information is not finalized by the IRS and therefore did not provide the expected information that I was looking for. Only time will correct this, I'm sure.

NP

This CPE was very informative and highlighted lot of new changes for taxes in 2020 that will be helpful during the upcoming tax season.