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Free cpece webinars
12 Tips to Reduce Taxes for Your Clients


Cost Free
Presentation Length 2.0 hours

Recorded DateApril 10, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

We know you’re already well aware of the fact that there are significant changes made to the tax code on an annual basis. You’re also familiar with how detailed these new regulations can be, and how challenging it sometimes is to commit them to memory or to even make sense of them in the first place.

With the far-reaching changes brought about by recent tax reform, careful planning takes on new importance. This webinar presents the most important income tax planning ideas for your clients which you need to consider this year to take advantage of the present and plan for the future. It highlights areas in the income tax return that suggest future opportunities for the individual client.

This interactive 2 credit course will provide you several planning ideas that can be implemented, including:

  • HSA’s and HRA’s to reduce medical costs

  • Use of the new version of Kiddie Tax

  • IRS agents’ hit list including Meals & Travel

  • Like-Kind Exchanges – IRC 1031 – The Best Tax Shelter ever

  • IRC 121 – Exclusion of gain on sale of personal residences

  • Medical Dependents – A missed opportunity to save families money

  • Reasonable compensation – Save Payroll Taxes while generating QBI deductions

  • Understanding IRC 754 to avoid malpractice

Learning objectives:

  • To learn and consider some popular tax planning techniques & ideas.

  • To learn how to reduce taxes using legal and tested methods

  • How to convince clients to consult their professionals to avoid missing tax saving opportunities

  • To work with other professional to design tax savings transactions

  • To Identify areas where tax reform may have a more significant impact for individuals and businesses

Not logged

Douglas Stives, CPA, MBA, is a full-time professor of accounting at Monmouth University in West Long Branch, New Jersey, where he was honored as “outstanding business professor of the year” in 2009. He completed a BS in BA, and an MBA at Lehigh University and started his career at Price Waterhouse in 1969. Doug joined a small firm that became The Curchin Group in Red Bank, New Jersey, where he was a partner for 34 years and continues as a consultant. In 1989 and 1990, Doug was the youngest president of the New Jersey Society of CPAs. He served the AICPA as a representative to Council, a member of the Tax Division Executive Committee, and chair of several committees. Doug is a frequent speaker for the AICPA and many state CPA societies. He’s been quoted in the New York Times, Wall Street Journal, Forbes, and other national publications and has appeared on CNN, CNBC, PBS, and the three major networks.

About Our Presenter

Monmouth was founded in 1933 to provide opportunity for higher education to area high school graduates who, in those Depression-era days, could not afford to go away to college. It was a two-year institution, holding classes only in the evening. Support from students and the community enabled the fledgling College to persevere and quickly assume its present private status. In 1956, Monmouth College was accredited by the state to offer four-year programs leading to the baccalaureate degree. Less than a decade later, it was authorized to offer master's degree programs. In March 1995, the New Jersey Commission on Higher Education granted Monmouth university status. Today Monmouth University offers 33 undergraduate and 21 graduate degree programs and a multitude of certificate programs. The University has been steadfast in its ongoing transformation as a first-choice destination school by progressively raising admission criteria for incoming students and enhancing the quality of its academic programs. Within its student body, 29 states and 28 foreign nations are represented. More than 1,600 undergraduates are resident students who enjoy a challenging learning environment on a campus that blends classic beauty with the latest technology. Monmouth continues to build upon its achievements by providing dynamic, first-tier, personalized education that empowers students to reach their full potential as leaders and make significant contributions to their community and society.