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Manage Your Tax Bill For 2020 and Beyond!

Manage Your Tax Bill For 2020 and Beyond!

1 Credit

$10

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00390-21-S)

1 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0391)

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

1 CPD credit (Verifiable) for CPA/PFS

1 CE credit of Tax Planning for all CFPs (CFP Board Approved : 8061) (Approval No. 290802)

1 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00390-21-S)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00390-21-S)

1 CE credit for Certified Senior Advisor (CSA)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.

Overview

  • 2020 Tax Brackets and Rates
    5 mins
  • Maximize Your Retirement Plan Contributions
    14 mins
  • Shift Income to Family Members
    23 mins
  • Determine Net Investment Income Tax Exposure
    32 mins
  • Modified Deductions
    41 mins

Course Description

In light of the recent tax reforms, this webinar explores some of the major changes for 2020 and some different strategies for managing through them!

Generally, there are two strategies to choose from in any given tax year. You either want to minimize the income you report to the government in order to reduce your tax bill. Or in certain circumstances, you will want to accelerate income into a year – especially if it is a low-income year and you anticipate higher tax rates in the future. For most of us, we want to minimize our tax bill and most of the techniques we will discuss today center around that. 

However, some years you may want to accelerate income – and there are numerous techniques for that. But definitely talk to your CPA and financial advisor before you start buying or selling. Or talk to us. Pushing income from year to year can get tricky and it helps to have expert guidance.

Given all that, let's talk about some ideas for minimizing your tax bill. Of course, we cannot say with any certainty which one of these ideas will work for you. It all depends on variables that are unique to you and your family.  But these next suggestions are good places to start in managing this year's tax bill.

This online CPE webinar for CPAs covered key topics:

  • The new 2020 tax rates and brackets 
  • Changes to the tax rules. 
  • Strategies for managing your taxes and provide a few ideas for managing your tax bill.
  • Allocating new money in assets tax efficiently
  • Investing in a Health Savings Account
  • Review Distributions from Trusts & Estates
  • Net Investment Income Tax (NIIT) 
  • All about Deductions and Exemptions

Learning Objectives

  • To summarize the 2020 Tax Brackets and Rates
  • To summarize the 2020 Long Term Capital Gains and Rates
  • To identify techniques for managing tax bill
  • To illustrate Tax Efficient Investing strategies
  • To discuss tax benefits of investing in Health Savings Account

Who Should Attend?

  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • CPA in Business
  • Senior Accountant
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

4

(21)
19%
62%
19%
0%
0%

EE

Well done lesson

SA

Very good

FC

Excellent presentations but dated already. Its time for a 2021 - 2022 version.