Help Clients Deal with Tax Law Challenges: Using Practical Planning Strategies

Author: Steven G. Siegel

Help Clients Deal with Tax Law Challenges with Practical Planning Strategies
There is a great deal of planning necessary as 2019 comes to an end and 2020 quickly approaches. This year presents challenges as the SECURE Act becomes law and practitioners continue to address the challenges presented by the Tax Cuts and Jobs Act of 2017 Tax reform has scrambled many of your standard planning techniques and your clients have questions. What still works? What needs to change?

Publication Date: November 2019

Designed For
All tax professionals, accountants, attorneys, financial and estate planners who advise clients on critical tax, estate planning and wealth management

Topics Covered

• The 2017 TCJA Continues its Major Impact on Tax Planning Issues for Individuals and Businesses
• How the 2017 TCJA Impacts Year‐End Planning
• The importance of tax bracket management
• Harvesting of capital gains and losses
• Traditional year‐end planning techniques
• New Deductions — Lost Deductions
• Considering the timing of retirement plan contributions and withdrawals
• Taking advantage of bunching strategies
• Roth IRA conversion and recharacterization considerations
• Maximizing the charitable contribution deduction ‐ consideration of charitable remainder trusts

Learning Objectives

• Identify the implications of the Tax Cuts and Jobs Act of 2017
• Recognize how to develop planning strategies to protect clients from changes under tax reform
• Identify how to show clients how to maximize current provisions for tax, estate, and retirement planning
• Describe one of the major changes in business taxation
• Recognize true statements regarding the Section 199A deduction
• Describe how to shield income from the Net Investment Income Tax
• Identify the 2019 bonus depreciation percentage
• Recognize how to avoid the anti-stretch out rule in the SECURE Act

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of federal income taxation concepts.

Advance Preparation
None