Financial Tax Planning Mini-course (2 Hrs)

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Course Description

Financial Tax Planning – 2 hrs. CPE


Course Information

Price: $33

Course No. M010
Instructional Delivery Method: QAS Self-Study
Prerequisites: General understanding of federal income taxation
Advance Preparation: None
Level: Overview
CPE Credit: 2 hrs.
Field of Study: Taxes
Course Revision Date: January 2019


Upon completion of this course participants should be able to:

  1. Identify investment purposes and retirement misconceptions, the multi-step retirement process and the elements of investment planning.
  2. Determine income types, from a tax perspective, to be budgeted into cash so that income-producing assets can be acquired and managed for an effective investment plan.
  3. Recognize the means of achieving tax deferral, recognizing like-kind exchanges, retirement plans and installment sales, and specify the double financial benefit of exchanging through tax postponement and possible tax elimination.
  4. Determine how to use tax credits, estimated taxes, and basic deductions to effectively reduce federal income tax and thereby increase discretionary income for investment purposes.
  5. Specify formats for income splitting that can benefit taxpayers by lowering overall taxes as a unit and permitting wealth and tax allocation among individuals or entities.
  6. Identify the tax benefits of the $500,000 home sales exclusion, municipal bonds, divorce and separation settlements, gifts and inheritances, life insurance, fringe benefits, and Social Security to eliminate tax on realized gain and ordinary income.
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