This Year's Top Tax and Financial-Planning Ideas (IEF4)

Overview

With tax rates for individuals, estates and trusts changing, tax planning takes on more importance. New ideas for financial planning and retirement must be considered. The purpose of this course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This course is crucial for CPAs who are looking for good ideas that can save clients money! Continually updated for legislative developments.

Highlights

Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals
Changes to the lifetime estate tax exemption by the TCJA in light of April 2022 proposed regulations
Considerations when selling a principal residence
Tax benefits of HSAs
An overview of the mechanics and practical considerations of Donor Advised Funds
Virtual currency and digital assets
The Corporate Transparency Act and FinCEN Beneficial Ownership Information reporting
An update on income tax and estate-planning ideas, including any recent changes
Tax ideas for the current year
Miscellaneous tax-planning techniques that can add up to significant tax savings
How to use the whole family for tax savings
Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings

Prerequisites

Basic course in individual income tax and estate planning

Designed For

All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advice

Objectives

Understand changes to tax law affecting individual taxpayers through the present
Identify strategies that are effective following estate and gift tax changes

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

Michael Frost, Shareholder & Tax Partner, MDA Professional Group, P.C.

Leader Bios

Michael Frost, Shareholder & Tax Partner, MDA Professional Group, P.C.

Mike Frost, CPA, is an associate and shareholder of MDA Professional Group, P.C. and has been with the Albertville office since 1989. Currently a tax partner, he specializes in all areas of income tax and small business consulting including but not limited to: business and individual income tax preparation and planning, estate and retirement planning, estate, gift, and trust tax preparation, small business consulting, Medicare planning and other elder care, audit representation, religious groups and clergy. Frost has conducted CPE engagements and seminars for the Alabama Society of Enrolled Agents and the Childcare Resource Network of Alabama and is an instructor for the Alabama Society of Certified Public Accountants. Mike has served as technical advisor for tax articles for the Sand Mountain Reporter newspaper, and has been a regular on the public speaking circuit. Mike graduated with “high honors and distinction” from Jacksonville State University with a major in accounting and a minor in finance and a 4.0 GPA. He is a member of the American Institute of Certified Public Accountants, the Alabama Society of Certified Public Accountants, and the Accountants Global Network, International. In addition, he is a graduate of the Tax Planning and Advising for Closely Held Businesses Certificate of Educational Achievement Program sponsored by the AICPA. Mike is an ordained minister and pastor. He enjoys music, and is a vocalist in a local Christian band. He is also active in his community as an Albertville Rotarian. Mike resides in Albertville, Alabama with his wife, Kay, and two children, Dylan and Sarah.

Return to Top