PFPL536; Navigating Tax Planning Techniques for High-Income Taxpayers
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JosephKrupka_CFFP
CFFP Faculty & Instructors Posts: 4

This course provides students with a strong background in the application of income tax concepts, calculations, and planning techniques specific to middle and higher-income taxpayers.
Key areas to review for the final are:
- Adjusted Gross Income. Analyze a client situation to compute adjusted gross income.
- Itemized Deductions. Analyze a client situation to compute allowable itemized deductions.
- Tax Liability with Capital Gain/Loss. Analyze a client situation to calculate net capital gain or loss, and its impact on the overall income tax liability.
- Like-Kind Exchanges. Analyze a client situation to determine the income tax effect of a like-kind exchange.
- FICA, SECA, and Estimated Tax. Recommend methods to reduce the impact of FICA, SECA, and estimated tax requirements.
- Medicare Contribution Tax. Recommend methods to reduce the impact of the Medicare contribution tax.
- Alternative Minimum Tax. Recommend methods to reduce the impact of the alternative minimum tax.
I encourage students to engage by inviting them to ask questions or share their thoughts in the comments about this course and questions to review for the final!
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