Cut Your Clients Tax Bill

Individual Tax Planning Tips and Strategies
Author(s): William Bischoff
Original Publish Date: Apr 18, 2018
Product Number: EB00743060
Released: Nov 19, 2018
Business Term: Purchase
ISBN: #9781119512325
Publisher: Wiley
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This title provides the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies. Completely updated for tax law changes, this book will bring you up-to-date on the latest strategies that will keep more money in the hands of clients and make their accountant look like a hero! This book will help: -Determine when selling capital assets, business assets, and real estate are to a client's advantage -Apply like-kind exchange rules under Section 1031 -Identify ways to advise clients on how to minimize taxes on employer stock options and employer stock held in qualified retirement plan accounts -Differentiate between incentive stock options (ISOs) and nonqualified stock options (NQSOs) -Determine ways to help clients obtain maximum tax savings from vacation home and timeshare properties -Differentiate between the rules for “regular” vacation homes, timeshares, and co-ownership deals -Determine appropriate federal income tax advice for clients who are separated, divorcing, or divorced -Recall ways to help middle-class clients identify college financing tax breaks -Identify tax-saving college financing manoeuvres for higher-income clients who are ineligible for the well-known education tax breaks -Identify strategies of husband-wife businesses that will reduce Social Security and Medicare taxes -Identify strategies for how parents can employ their children through their closely held business

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