PFPL536; Navigating Tax Planning Techniques for High-Income Taxpayers

Joseph10585602
Joseph10585602 CFFP Faculty & Instructors Posts: 5
edited July 24 in Financial Planners Professional Community

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:

  1. Adjusted Gross Income. Analyze a client situation to compute adjusted gross income.
  2. Itemized Deductions. Analyze a client situation to compute allowable itemized deductions.
  3. 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.
  4. Like-Kind Exchanges. Analyze a client situation to determine the income tax effect of a like-kind exchange.
  5. FICA, SECA, and Estimated Tax. Recommend methods to reduce the impact of FICA, SECA, and estimated tax requirements.
  6. Medicare Contribution Tax. Recommend methods to reduce the impact of the Medicare contribution tax.
  7. 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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