Assets, Income and

Cash

Course Description:

This course integrates federal taxation with overall financial planning. The course explores tax strategies relating to the central financial tactics of wealth building, capital preservation, and estate distribution. The result is a unified explanation of tax-economics that will permit the tax professional to locate, analyze, and solve financial concerns. Designed to improve the quality of services to clients and the profitability of engagements, this program projects the account-ant into the world of financial planning.

Learning Objectives:

Upon successful completion of this course, participants will be able to:

• Compare goals and purposes with financial tax planning
• Know the myths of retirement
• Understand investment goals
• Know the different types of income i.e taxable, tax-free, tax-deferred, and tax-sheltered
• Understand the three elements: exchange requirement, qualified property requirement and like-kind requirement
• Understand and know income splitting