Tax Strategies for the High-Income Individual (as part of AICPA ENGAGE 2019)


This includes sessions from the conference: Tax Strategies for the High-Income Individual (as part of AICPA ENGAGE 2019)

Standard: $459.00

Products

(Repeated in ENG1936) A First Look at IRA Life Expectancy Payout Changes Under the "Secure Bill" and the Best Ideas So Far (PFP, EST, TAX)

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(Repeated in ENG1936) A First Look at IRA Life Expectancy Payout Changes Under the "Secure Bill" and the Best Ideas So Far (PFP, EST, TAX)


Identification: PFP19001

In the biggest bill for retirement planning in years, Congress is poised to change the law for life expectancy payouts to either a five- or ten-year payout. This legislation has strong bipartisan support and is supported by the President.

Advisors, CPAs and lawyers will need to quickly pivot with innovative strategies for this new paradigm. If you wait until this bill is signed before beginning to pivot you will miss the 2019 planning opportunities. This class will cover:

  1. Understanding the change in life expectancy payouts on traditional and Roth IRAs
  2. Impact of the loss of deferral and bracket compression on wealth transfer planning
  3. Using CRTs to maintain deferral and bracket management - the law and the math
  4. Roth conversions for better bracket management and greater wealth transfer
  5. Designing IRA trusts and the terrible payout result with RMD conduit trusts - the law and the math
  6. Using IRA trusts in low tax states to achieve state tax savings by avoiding or delaying the state taxation of the lump sum payout
  7. Using single life insurance to enhance bracket management - the unbiased math
  8. Using Second-to-Die insurance to increase wealth transfer
  9. Urgent action steps for ill and dying clients including avoiding conduit trusts and using out of state trusts.
  10. Charitable strategies for the mass-affluent and the wealthy

Speaker(s):
Tags: PFP EST TAX
Standard: $49.00

The Truth About Annuities: Dispelling the Myths and Misconceptions - Sponsored by Prudential Annuities

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The Truth About Annuities: Dispelling the Myths and Misconceptions - Sponsored by Prudential Annuities


Identification: PFP19SS02

Annuities have had their share of detractors over the years. The reality is annuities currently serve a critical purpose for millions of Americans – adding a level of security, while helping alleviate some of the financial worry for the future. This presentation will address:

  1. Common objections to annuities including cost, complexity, liquidity and tax considerations.
  2. The benefits of annuities including a discussion of some of the protective features offered by annuities today.
  3. The value of incorporating guaranteed income into a comprehensive retirement income plan.

Learning Objectives:

  1. Provide several actionable talking points to help advisors understand and overcome common objections to annuities and start the important conversation about retirement income planning.
  2. Help inform investors to be in a better position to determine whether an annuity makes sense as part of their overall financial plan.

Speaker(s):
Standard: $49.00

Association and CPA.com Startup Accelerator: Investing in Innovation

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Association and CPA.com Startup Accelerator: Investing in Innovation


Identification: ENG19OV01

The Association (unified voice of AICPA & CIMA) and CPA.com launched a shark-tank style startup accelerator two years ago with a focus on FinTech and EdTech. Its purpose is to foster innovation in the profession and provide members, the Association, and CPA.com more visibility into disruptive trends and emerging technologies. In this session, you will hear from the 2019 cohort – 3 startup companies that have a leading role in client workspace solutions, cash flow management and accounting task automation.

During this session you will:

1. Discover trends in FinTech that are impacting the profession and your role.

2. Hear from the front lines of disruption.

3. Learn about the 3 startups that are members of the second cohort of the Association and CPA.com Startup Accelerator - https://www.aicpa-cima.com/accelerator.

4. Get inspired to rethink how you can leverage financial and educational technology.

Speaker(s):
Tags: PFP NAA EST TAX PST EDGE
Standard: $49.00

Is Your Tax Practice Future-ready?

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Is Your Tax Practice Future-ready?


Identification: ENG19VCC1

Be ready to take the next step in addressing your clients’ tax and planning needs. Your individual, family, and business owner clients’ needs are changing, and they need you now more than ever. Now that the rush of tax season is over, you can turn your attention to some planning of your own. Have you thought about formalizing financial planning in your practice? 

In this chat, Lyle Benson, CPA/PFS will share: 

  1. How to position your firm securely for the future for your clients, the services you offer, and your current and future staff.
  2. What the landscape is and why this window of opportunity is important to you and your clients. 
  3. How to position yourself as your clients’ primary point of contact. 
  4. How to deepen your relationship with your clients to have a meaningful impact on their financial lives.

Speaker(s):
  • Lyle Benson, CPA PFS CFP, Founder and President, L. K. Benson & Company
  • Dan Snyder, CPA/PFS, ChFC, Senior Manager - Personal Financial Planning (PA) Advisory Services and Credentialing, Association of International Certified Professional Accountants
Standard: $49.00

Are You Guiding Your Clients Towards a Bright Future? Position Yourself as a Valued Retirement Adviser

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Are You Guiding Your Clients Towards a Bright Future? Position Yourself as a Valued Retirement Adviser


Identification: ENG19VCC2

Advising your clients on their plans for retirement is more than just setting aside money in an IRA. Find out how to guide them through the important conversations about retirement plans including unique ways to save on taxes, attracting and retaining quality talent, and meeting fiduciary requirements. As your business clients’ most trusted advisor, you are well positioned to help guide them toward a dignified retirement.

Join our session to uncover critical retirement strategies and opportunities to further assist your clients in achieving their financial goals.

  1. Review current state of retirement readiness and the regulatory environment.
  2. Compare features and options to maximize savings potential.        
  3. Highlight the exclusive benefits provided by the AICPA to help you and your clients prepare for retirement security.

Speaker(s):
Standard: $49.00

Tax Planning Strategies Using Virtual Currencies (TAX, PFP)

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Tax Planning Strategies Using Virtual Currencies (TAX, PFP)


Identification: ENG19ER01

Do you have clients who transact with cryptocurrencies? If so, you’ll want to attend this session! We’ll explore various tax compliance and planning opportunities you should consider when working with your clients. The only guidance we have from the IRS on virtual currencies (also referred to as cryptocurrencies) is Notice 2014-21. Limited guidance presents challenges for tax practitioners, but also allows for some interesting planning opportunities. In this session you will:

  1. Gain an understanding of how the IRS treats cryptocurrencies.
  2. Discuss compliance considerations to be aware of as a tax practitioner.
  3. Determine tax planning strategies to use when working with clients who transact in cryptocurrencies.

Speaker(s):
Standard: $49.00

Key Challenges and Solutions to Achieve Financial Wellness - Presented by Prudential

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Key Challenges and Solutions to Achieve Financial Wellness - Presented by Prudential


Identification: PFP19SS03

  1. Expert insight into the financial challenges impacting American consumers today including student loan debt, retirement, insurance concerns, etc.
  2. Understanding financial wellness and its impact.
  3. Solutions to help address the most pressing financial challenges.

Objectives:

  1. Understand the financial challenges individuals are facing today.
  2. Learn about solutions that can help address the most pressing financial challenges facing American consumers.
  3. Identify ways to help empower individuals to synthesize and reflect on one’s own financial profile and develop a personalized financial roadmap.

Speaker(s):
  • Julie Brandon, VP, Head of Financial Wellness Distribution, Prudential
Standard: $49.00

Comment Letters-Advocacy in Action

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Comment Letters-Advocacy in Action


Identification: TAX19ER01

After this session, you will be able to:

  1. Identify legislative and regulatory tax developments.
  2. Identify emerging tax policy and advocacy issues important to AICPA members.
  3. Understand how to develop comment letters and position statements on important advocacy issues.

Speaker(s):
  • Dan Moore, CPA, Sole Practitioner, D.T. Moore & Company, LLC
  • Amy Wang, CPA, Senior Manager, AICPA
Tags: TAX CFP
Standard: $49.00

199A: Beyond the Basics (EST, PFP, TAX)

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199A: Beyond the Basics (EST, PFP, TAX)


Identification: ENG1905

The addition of Sec. 199A is perhaps one of the most significant changes and opportunities in the Tax Cuts and Jobs Act (TCJA). It is also very complicated from a compliance and planning standpoint. This session will provide a quick refresher of the basics, cover some of the compliance difficulties and provide forward-looking planning ideas. Specifically, this session will cover:

  1. Sec. 199A for Real Estate
  2. Sec. 199A for Insurance and Financial Planning Professionals
  3. Understanding Separate vs. Separable for SSTBs
  4. Sec. 199A with REITs and PTP

Learning Objectives:

  1. Understand how Sec. 199A works for both traditional business and SSTBs.
  2. Understand when a taxpayer can use separate and separable rules.

Speaker(s):
Standard: $49.00

IRS Controversies

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IRS Controversies


Identification: TAX1901

As IRS enforcement becomes more automated, the need for trained representatives who know what to do and when to do it has never been greater. This panel will cover the mechanics of representing taxpayers before the IRS, including exam and collections, so that attendees can identify and understand when taxpayers need help, and how to go about the process of helping them resolve their IRS issue.

Learning Objectives:

  1. Explain the process for challenging an exam issue with the IRS.
  2. Understand the IRS collection process.

Speaker(s):
Tags: TAX CFP EA
Standard: $49.00
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