The Tools & Techniques of Income Tax Planning, 8th Edition
eBook - ePub

The Tools & Techniques of Income Tax Planning, 8th Edition

  1. 494 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

The Tools & Techniques of Income Tax Planning, 8th Edition

About this book

With the passage of the SECURE Act in late 2019 and the SECURE Act 2.0 of 2022, financial advisors, planners, and insurance professionals are in need of up-to-date, reliable tools and expert insights into income tax planning techniques.

Every area of tax planning covered in this book is accompanied by the tools and techniques you can use to:

  • Help your clients successfully navigate the latest income tax rules and regulations;
  • Quickly simplify the tax aspects of complex planning strategies; and
  • Confidently advise your individual clients as well as small- and medium-size business owners.

You'll find:

  • Detailed explanations of complex real-world tax issues
  • Easy-to-read explanations of how various tax strategies work and when they should and should not be employed
  • Clear, thorough examples that show exactly when certain tax rules apply and how planners can help their clients avoid “tax traps” that can lead to unexpected and unnecessary tax liability
  • Comprehensive explanation of investment-related tax concepts, which help investors and planners devise tax-efficient strategies
  • Thoughtful, independent advice about the best strategies for specific situations

New in the 8th Edition:

  • Updated SECURE Act chapter and a brand new chapter on the SECURE 2.0 Act, including legislation updates through the year 2033
  • New SECURE 2.0 Act chapter includes legislation updates on topics such as catch-up contributions, Roth IRA plan changes, and automatic enrollment
  • Details on IRS and DOL regulatory changes
  • Updates to keep all chapters up-to-date, such as changes to form 1040 made in 2018 for Chapter 7 and new like-kind rules from 2018 for Chapter 29
  • Updated advice on retirement planning issues, the unwinding of COVID-19 legislation, and changing RMD withdrawal and penalty requirements
  • New plan contribution and catch-up provisions, including updated student loan matching options and Roth contribution options for SEP and SIMPLE retirement plans
  • Updated plan and IRA distribution options including new 10% penalty waivers, and new withdrawal types for domestic abuse, family emergencies, 529 Roth conversions, and more
  • Litigation updates

Key Topics Covered:

  • SECURE Act and SECURE Act 2.0
  • Contribution limitations, including Roth IRAs and mandated employer contributions
  • Capital gains and losses, including both long-term and short-term gain
  • Tax planning for small and medium-sized businesses as well as individuals
  • Information on tax filing, including filing status, when to file, and failure-to-pay penalties
  • Asset planning and retirement planning, including required minimum distributions

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Yes, you can access The Tools & Techniques of Income Tax Planning, 8th Edition by Stephan Leimberg,Brandon Truitt in PDF and/or ePUB format, as well as other popular books in Business & Taxation. We have over one million books available in our catalogue for you to explore.

Information

Publisher
The National Underwriter Company
Year
2024
Print ISBN
9781588528421
eBook ISBN
9781588528728
Edition
9
Topic
Business
Subtopic
Taxation
Index
Business

Table of contents

  1. Title
  2. Copyright
  3. ABOUT THINKADVISOR
  4. ABOUT THE AUTHORS
  5. CHAPTER 1 SOURCES OF INCOME TAX LAW FUNDAMENTALS
  6. CHAPTER 2 INCOME TAX RETURN FILING REQUIREMENTS
  7. CHAPTER 3 GROSS INCOME
  8. CHAPTER 4 CAPITAL GAINS AND LOSSES, RECAPTURE INCOME AND QUALIFIED DIVIDENDS
  9. CHAPTER 5 QUALIFIED BUSINESS INCOME DEDUCTION
  10. CHAPTER 6 BUSINESS AND NONBUSINESS LOSSES
  11. CHAPTER 7 DEDUCTIONS
  12. CHAPTER 8 CALCULATION OF TAX
  13. CHAPTER 9 CREDITS
  14. CHAPTER 10 ALTERNATIVE MINIMUM TAX
  15. CHAPTER 11 ALTERNATIVE MINIMUM TAX PLANNING FOR INDIVIDUALS
  16. CHAPTER 12 SOCIAL SECURITY/MEDICARE TAXES: WAGE EARNERS AND SELF-EMPLOYED INDIVIDUALS
  17. CHAPTER 13 ADDITIONAL MEDICARE SURTAX ON EARNED INCOME AND NET INVESTMENT INCOME TAX
  18. CHAPTER 14 WITHHOLDING AND ESTIMATED TAX REQUIREMENTS
  19. CHAPTER 15 GRANTOR TRUSTS
  20. CHAPTER 16 INCOME TAXATION OF TRUSTS AND ESTATES
  21. CHAPTER 17 INCOME AND DEDUCTIONS IN RESPECT OF A DECEDENT
  22. CHAPTER 18 ACCOUNTING METHODS AND TIMING ISSUES
  23. CHAPTER 19 CHOICE OF ENTITY
  24. CHAPTER 20 COST RECOVERY CONCEPTS
  25. CHAPTER 21 BASIS
  26. CHAPTER 22 TAX BASIS PLANNING
  27. CHAPTER 23 PASSIVE ACTIVITIES AND AT-RISK RULES
  28. CHAPTER 24 MARRIAGE AND DIVORCE
  29. CHAPTER 25 TIMING OF INCOME AND DEDUCTIONS
  30. CHAPTER 26 CONVERSION OF INCOME
  31. CHAPTER 27 EQUITY BASED COMPENSATION PLANNING
  32. CHAPTER 28 DEDUCTIBLE CHARITABLE CONTRIBUTION PLANNING
  33. CHAPTER 29 LIKE-KIND EXCHANGES
  34. CHAPTER 30 PLANNING FOR THE SALE OR EXCHANGE OF ASSETS
  35. CHAPTER 31 RETIREMENT PLANNING
  36. CHAPTER 32 INCOME ISSUES IN WEALTH TRANSFER PLANNING
  37. CHAPTER 33 INCOME TAX PLANNING FOR CLIENTS WITH SHORTENED LIFE EXPECTANCIES
  38. CHAPTER 34 DISCHARGE OF DEBT INCOME
  39. CHAPTER 35 IRS INCOME TAX AUDITS
  40. CHAPTER 36 WORKING WITH THE IRS
  41. CHAPTER 37 SECURE ACT
  42. CHAPTER 38 SECURE ACT 2.0
  43. APPENDIX A AFTER-TAX EQUIVALENTS OF TAX-EXEMPT YIELDS
  44. APPENDIX B SUGGESTED CHARITABLE GIFT ANNUITY RATES–SINGLE LIFE
  45. APPENDIX C GROUP TERM LIFE INSURANCE
  46. APPENDIX D INCOME TAX RATE SCHEDULES
  47. INDEX
  48. Back Page