Course Overview

This accelerated two-hour course offers a concise yet comprehensive overview of tax planning and strategies for high-net-worth individuals (HNWIs). Designed for finance professionals, tax advisors, and accountants, this course distills the key elements of navigating complex tax scenarios, including business income, passthrough income, real estate investments, foreign income, and capital gains and losses. Through targeted instruction and a focused case study, participants will quickly grasp essential strategies for optimizing tax outcomes and ensuring compliance for their high-net-worth clients.

Course Outline:

1. High Net Worth Tax Planning Fundamentals 

   - Overview of HNWI tax considerations: Multiple Schedule Cs, passthrough income, real estate on Schedule E, foreign income, and capital gains/losses.

   - Principles of tax efficiency and compliance.

2. Strategic Income Reporting and Optimization

   - Key strategies for reporting business income (Schedule C), passthrough income from partnerships and S corporations, and real estate income (Schedule E).

   - Tax planning techniques for maximizing deductions and credits.

3. International Income and Capital Gains Strategies

   - Managing foreign income: compliance, exclusions, and credits.

   - Capital gains and losses (Schedule D): Harvesting losses, timing of sales, and strategic asset management.

4. Advanced Tax Planning Techniques 

   - Utilizing trusts, charitable contributions, and retirement planning for tax benefits.

   - Estate planning and wealth transfer strategies to minimize tax liability.

5. Case Study Analysis and Application

  - A focused review of a HNWI tax return case study.

   - Group discussion on strategic planning opportunities based on the case study, highlighting actionable strategies for tax minimization and compliance.

Learning Outcomes:

Participants will:

- Gain a rapid understanding of essential tax planning strategies for HNWIs.

- Learn to identify key opportunities for tax optimization across diverse income sources.

Target Audience:

CPAs, EAs, tax advisors, accountants, and finance professionals seeking a quick, in-depth overview of high net worth tax planning.

Course Format:

- Duration: 2 hours

- Delivery: Online live webinar

- Materials: Condensed course notes and case study materials provided.

CE Credit: 

Upon successful completion of a final exam scoring an 80% or higher, you will receive 2 CE Credits in Federal Tax Law with the Internal Revenue Service