Making the Best of Bad Situations: Part 3 (Gambling, AMT, Financial and Estate Planning, College)

The start date for this course has passed. Registration is no longer available.

This course is 2.00 credits
Field of Study
Tax
Course Level
Update
Vendor
BPN, Inc ACPEN

Registration Fees

MSCPA-AICPA Member
$79.00
MSCPA Member
$79.00
AICPA Member
$109.00
Non-Member
$109.00
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Thursday, Mar 8, 2018
9:00am – 10:40am

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This course helps the practitioner understand planning considerations and potential problems when certain "bad situations" happen to his/her client. The focus of this course is on the tax and non-tax issues of various circumstances that a client classifies as bad situations including gambling, AMT, kiddie tax, college, financial and estate planning and losing a job. **Please Note: If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

This course helps the practitioner understand planning considerations and potential problems when certain "bad situations" happen to his/her client. The focus of this course is on the tax and non-tax issues of various circumstances that a client classifies as bad situations including gambling, AMT, kiddie tax, college, financial and estate planning and losing a job.

 

**Please Note:  If you need credit reported to the IRS for this IRS approved program, please download the IRS CE request form on the Course Materials Tab and submit to leighanne.conroy@acpen.com.

Designed For

*CPAs *EAs *Attorneys *Financial Planners

Course Objectives

*Identify examples of how a tax professional can integrate income tax planning with one or more of the three general planning areas

*Recognize strategies that can be used to mitigate the AMT

*Describe a strategy for parents to reduce the tax impact of the Kiddie Tax

*Recognize strategies that do not have the risk of disturbing the taxpayer's other financial planning goals

*Differentiate between a springing power of attorney and a general power of attorney

*Differentiate problems with not saving for college

*Recognize positive outcomes that occur when a client loses their job

*Recognize Schedule A gambling loss deductions allowed by clients

*Identify proper gambling losses and definition of professional gamblers

Major Subjects

*Gambling Losses

*AMT Strategies

*Kiddie Tax

*Financial Planning Issues for College 

*Estate Planning Issues

*Losing Your Job

Prerequisites

None

The start date for this course has passed. Registration is no longer available.