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IRS Program #: X9QQU-T-00964-23-O
CTEC #: 6257-CE-0142
CE: 2 IRS and 2 CTEC credits
Speaker: Ben Tallman, USTCP, EA
This session will delve into the strategies which allow tax breaks on all types of investments. Discussions on how to lower AGI or tax will include opportunity zones, unlimited gifting ideas for married seniors, contributing appreciated assets to charities or DAFs (donor-advised funds), converting RMDs to QCDs, Oil & Gas Partnerships with 1st-year General Partner status, and fee-simple conservation easements. We will also learn to identify the additional 3.8% NIIT (net investment income tax) and the 28% collectibles tax rate. Ideas will be offered on how to combat these higher tax rates.
- Define collectibles and explain how they are taxed
- Understand Opportunity Zones and how they can benefit taxpayers
- Determine when NIIT applies
- Detect opportunities to reduce taxes and what strategies to employ