Family Tax Planning ON DEMAND
Available Until
Your Desk
24.0 Credits
Member Price $480.00
Non-Member Price $552.00
Overview
While the nuclear family remains the center point of society, today it is under tremendous economic and social pressure. This course is designed to cover “hot” family tax planning topics having a direct impact on the practitioner who represents any client with family issues. The emphasis is on using tax solutions to ease family economic concerns permitting the practitioner to be a real tax hero.
Highlights
Basic Marital Tax Matters. Children. Education. Medical, Charitable and Casualty. Home Sales and Moving Expenses. Home Mortgage Interest. Transfers Incident to Divorce. Alimony and Child Support. Financial Tax Planning. Building an Estate. Income Splitting. Retirement Plans. Distributions from Retirement Plans and IRAs. Elderly and Disabled Planning. Wills and Probate. Estate Planning.
Prerequisites
None.
Designed For
CPAs, financial professionals, enrolled agents and attorneys.
Objectives
Determine how filing status affects taxpayers’ filing requirements, standard deductions, and correct tax. Select the number of pre-2018 exemptions a client could have and state the impact said exemptions had. Determine deductible and nondeductible divorce expenditures, identify which spouse is subject to tax imposed upon withheld wages, and specify the effects of making separate estimated tax payments or joint declarations of estimated tax. Recognize the special rules that apply to community property states and identify whether clients are affected by these rules. Determine the effect of living together on filing statuses and dependency citing differences between the married tax rate and other tax rates, identify the tax consequences of having a living together contract listing tax traps, and specify the results of Marvin v. Marvin. Identify the child tax credit listing the requirements for qualifying child and determine the tax treatment of earned and unearned income for children. Recognize the elements of the adoption tax credit stating qualifying costs and fees, specify the tests for the Section 21 dependent care credit and identify qualifications for Section 129 dependent care assistance, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Danny Santucci, Western CPE
Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known for spicing up his extensive expertise with an incredible sense of humor.
Non-Member Price $552.00
Member Price $480.00