Thursday, Mar 8, 2018
9:00am – 10:40am
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 firstname.lastname@example.org.
*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
*Financial Planning Issues for College
*Estate Planning Issues
*Losing Your Job