Cut Your Clients Tax Bill: Individual Tax Planning Tips and Strategies (AICPA) - Softcover

Bischoff, William

Softcover

ISBN 10: 111951231X ISBN 13: 9781119512318

Publisher: Wiley, 2018

Synopsis

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

About this title

About the Author

Bill Bischoff, CPA, has been a licensed professional tax adviser and nationally known author on tax and financial planning matters for 30 years. He has authored or coauthored 15 professional books and continuing professional education courses and has written hundreds of articles for CPAs, tax attorneys, and financial planners.

Edition details

• Publisher: Wiley
• Publication date: 2018
• Language: English
• ISBN 10: 111951231X
• ISBN 13: 9781119512318
• Binding: Paperback
• Edition number: 1
• Number of pages: 272