A large amount of money will pass from the baby boomers to future generations over the next few decades. Given this sizable transfer of wealth, successful CPAs must be equipped to advise not only their existing clients, but also their clients’ children, grandchildren and even parents. We will discuss multi-generational planning and strategize on ways of meeting the financial goals of individuals across generations.
Estate planning is part strategy and part communication. Multi-generational planning is built around a goal that can’t be attained without the involvement of two or more generations. Multi-generational wealth planning will help ensure that a family’s wealth and legacy are properly managed and passed from one generation to the next, ensuring a healthy financial picture continues to benefit younger generations.Find out more
There are major taxation issues that arise during general litigation. Be prepared to advise your clients of those issues. This course will cover topics covered include damages, wrongful dismissal, divorce, bankruptcy, real estate, corporate share repurchases, partnership disputes and trusts and estates.
Determining whether the proceeds of a settlement or lawsuit judgment is included in income depends on all the facts and circumstances of a given legal proceeding. Settlement payments or litigation proceeds may consist of multiple elements producing different tax consequences and reporting requirements.Find out more
The tax code offers a variety of ways for grandparents to give to their grandchildren without tax consequences.
In this session we will discuss opportunities, such as gifting, paying health care expenses, serving as a grandchild's main source of support and establishing a grantor trust.
Grandma and grandpa determined they have plenty of money for retirement and now desire to leave a legacy for a newly born grandchild. Tax planning considerations and strategies might include traditional techniques such as 529 Plans, Coverdale Education Savings Accounts and Uniform Gift (or Transfer) to Minor Accounts, among other techniques
What has our legislature done? What is happening with sales tax on e-commerce? What is
happening with Nexus issues? What new tax administration tools have been given to the DoR?
What is new in the world of sports? Has medical mentoring been taken to a new level?
Answers will be provided from legislation, cases, rulings, and personal experience. Key DoR
publications will be highlighted as excellent resource materials.
Discussion LeaderMelissa Lindler, CPAFind out more