Asset Protection Strategies for CPAs (Currently Unavailable)

This two hour on-demand course outlines sophisticated asset protection strategies for business enterprises and their owners. This course is designed to help CPAs, tax and business planners, and lawyers gain a better understanding of sophisticated asset protection strategies for business enterprises and their owners. It focuses on reducing clients' exposures to creditors though a variety of well-proven strategies with a specific emphasis on the tax aspects of business restructurings, including creating holding company designs, equity strip outs, compartmentalizing risk, and spinning real estate away from risky business assets.

In advising clients, most estate planning professionals look to certain key factors, like the potential size of the estate when the surviving spouse passes, and step-up in basis and control of distribution after the first spouse dies, and then use a best guess as to whether electing portability or funding a bypass trust is better. However, that kind of simplistic analysis may result in the wrong decision for a particular client, especially when a more definitive, mathematical analysis is appropriate.

Understand Complex Basis Rules for Assets for Gift Recipients and Heirs The current estate planning environment requires planners to understand both the estate tax and the income tax. With low transfer taxes and high income taxes, basis becomes a significant concern. The nature of acquisition – gift or inheritance – and the nature of the asset can affect the basis calculations.

This course examines and explains how to report net investment income, including calculating the tax, properly allocable deductions, Section 67 and 68 limitations on itemized deductions, and the applicable percent of net operating losses available. It includes practical pointers and suggestions on how to help clients manage this tax.

This course examines the key issues and processes involved in distributing retirement plan assets to trusts. It provides an overview of the basic principles of retirement plan distribution taxation as well as how to use a trust in achieving distribution goals.