Tax planning is fire prevention. Tax preparation is arson investigation. Tax professionals need to be more than “historians” of the past: they must be the “planners and facilitators” of the future. Instructor Stuart Sobel shares his 48 years of experience in this unique class that will provide practical ways to assist your clients as they navigate through the bottomless abyss called the American tax system.
• Translating the financial or business plans of the client into tangible tax savings for the future
• Anticipating the impact of the changing tax climate in the United States
• Choosing the best tax “choices” for your client
o Retirement plans
o Forms of business organization
o Hobby versus business
o Charitable giving
o Opportunities to convert realized income into non-recognized income
o Understanding the differences between a tax shelter and an abusive tax shelter
o Office in home, auto expenses, travel, and entertainment
o Minimizing recordkeeping requirements without giving away tax savings
o Teaching a client how to properly treat an aggressive tax position
o Timing for tax savings
Obtain improved knowledge of your client’s financial background and plans for the future.
Analyze the impact of future tax law changes on specific clients.
Secure skills to guide clients toward improving their future financial status.
Acquire in-depth knowledge of the differences between realized and recognized income.
Obtain skills of analyzing completed tax returns for recommendations for future planning.
Discern the differences between legitimate and abusive tax shelters and educe future scrutiny by the IRS.
Stuart “Stu” Sobel combines an in-depth knowledge of taxation and nonprofits with an ability to communicate clearly. A dynamic speaker, Stu seeks to help people understand the very complex world of taxation in every day terms. And he’s just the person to do it — Stu has been in the industry for 48 years. He worked in examination and high level positions at the IRS for 30 years. Following that, Stu spent nine years as the producer and host of his own nationally syndicated radio program called Wise Choices: Taxes and Charity Today. He also ran his own tax and nonprofit consulting firm for 12 years (Stuart Sobel Consulting, Inc.). He has helped create over 2,500 nonprofit organizations worldwide. His expertise on the topic of nonprofit taxation has earned him the title “The Guru of Giving.”
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