Course Description:
High income taxpayers now face a myriad of tax increases ranging from higher marginal tax rates, an expanded tax base, and the phase-out of many tax benefits, including a reduction in itemized deductions, a phase-out of personal and dependency exemptions, and a phase-out of tax incentives for post-secondary education expenses and other incentives related to dependent children. High income taxpayers are also faced with higher tax rates on long term capital gain/dividend income. Also, the phase-out of the AMT exemption will also require many high income taxpayers to pay an Alternative Minimum Tax. There are several tax planning opportunities, including the choice of business entity decision and certain income splitting strategies among family members that can be used to minimize the total family tax burden. The new taxes imposed by the Affordable Care Act, the additional .9% tax on earned income, and the 3.8% tax on net investment income require careful tax planning to minimize or even eliminate the burden from these new taxes.
Learning Objective:
- How the new taxes contained in the American Taxpayer Relief Act of 2012, and the Patient Protection and Affordable Care Act will impact high-income individuals.
- How these new taxes are imposed on earned and net investment income.
- About the increased compliance burden facing high-income individuals as a result of these new taxes.
- How to minimize the impact of these new taxes by incorporating your business and making an S election.
- How to maximize the tax incentives available for post-secondary education expenses of family members.
- How to minimize/avoid the imposition of the Alternative Minimum Tax.
Seminar Fee Includes:
Course Benefits:
- Those taxpayers with incomes of $200,000 or more may be considered "high-income" taxpayers?
- That the income thresholds included in the Affordable Care Act are NOT indexed for inflation, meaning that more individuals will become subject to these taxes over time?
- If you were not aware of any of these facts, then attending this seminar would definitely be beneficial for you.
- This seminar will equip participants with viable tax minimization strategies that can be put to work immediately to reduce the tax burden of high income taxpayers. It will illustrate:
- Tax compliance issues raised by the new taxes contained in American Taxpayer Relief Act of 2012, and the Patient Protection and Affordable Care Act.
- Tax planning techniques to minimize these new taxes.
- How the S-corporation can significantly reduce the applicability of these new taxes on business income.
- How to maximize the tax incentives available for post-secondary education expenses.
- How the Alternative Minimum Tax (AMT) impacts most high income taxpayers and the steps that can be taken to minimize/eliminate the AMT.
Areas Covered:
- ATRA tax increases
- ACA new taxes
- What income is subject to additional Medicare tax?
- What is Net Investment Income?
- Tax minimization strategies: investment income
- Tax treatment of business income
- Tax minimization strategies for business income
- Tax strategies for maximizing the tax benefits available for post-secondary education expenses.
- Tax strategies for minimizing/eliminating the Alternative Minimum Tax.
Who Will Benefit:
- CPAs
- Corporate Tax Directors
- Managers and Staff Responsible for Tax Compliance
- Managers and Staff Responsible for Tax Planning
- CFOs
- Controllers
- Tax Attorneys
- Other Business and Financial Professionals Advising Clients on Tax Compliance.
Course Outline:
| Day One (8:30 AM – 4:30 PM) | Day Two (8:30 AM – 4:30 PM) | ||
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Registration Process: 8:30 AM – 9:00 AM Session Start Time: 9:00 AM
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Tax Strategies for Maximizing the Tax Benefits Available for Post-secondary education expenses.
Tax Strategies for Minimizing/Eliminating the Alternative Minimum Tax
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Meet Your Instructor
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Scott Transue Owner, Freedom Day Tax and Accounting LLC Scott has presented seminars in over 30 states. He holds Enrolled Agent licensure through the Internal Revenue Service, giving him unlimited representation rights for taxpayers experiencing collection issues with the IRS. He holds a Master of Public Administration degree from SUNY-Albany and is a Continuing Education instructor for ComplianceOnline. He has co-authored one book and is contributing author to two others. He owns his own tax firm, Freedom Day Tax and Accounting LLC. |
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- Fill this form with attendee details & payment details
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USA
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Please contact us at +1-888-717-2436 to get details of wire transfer option.Terms & Conditions to Register for the Seminar/Conference/Event
Your registration for the seminar is subject to following terms and conditions. If you need any clarification before registering for this seminar please call us @ +1-888-717-2436 or email us @ [email protected]
Payment:
Payment is required 2 days before the date of the conference. We accept American Express, Visa and MasterCard. Make checks payable to MetricStream Inc. (our parent company).
Cancellations and substitutions:
Written cancellations through fax or email (from the person who has registered for this conference) received at least 10 calendar days prior to the start date of the event will receive a refund — less a $200 administration fee. No cancellations will be accepted — nor refunds issued — within 10 calendar days before the start date of the event.
On request by email or fax (before the seminar) a credit for the amount paid minus administration fees ($200) will be transferred to any future ComplianceOnline event and a credit note will be issued.
Substitutions may be made at any time. No-shows will be charged the full amount.
We discourage onsite registrations, however if you wish to register onsite, payment to happen through credit card immediately or check to be submitted onsite. Conference material will be given on the spot if it is available after distributing to other attendees. In case it is not available, we will send the material after the conference is over.
In the event ComplianceOnline cancels the seminar, ComplianceOnline is not responsible for any airfare, hotel, other costs or losses incurred by registrants. Some topics and speakers may be subject to change without notice.
Attendance confirmation and documents to carry to the seminar venue:
After we receive the payment from the registered attendee, an electronic event pass will be sent to the email address associated with the registrant 5 working days before the seminar date. Please bring the pass to the venue of the event.
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