34 hours of MCLE credit available.
This course examines the issues and determination of tax liability for numerous events and activities as they relate to the financial plan. Students are given the necessary information and tools of income taxation for making financial planning decisions within the context of either personal or client financial goals and objectives. Topics include tax issues and concepts in relation to insurance, investments, benefit planning, intrafamily transactions, and business operations. Students are taught and asked to demonstrate an understanding of the following planning techniques: excluding income, deferring income, shifting income, and managing or timing income.
Prerequisite: X X430.31 Survey of Personal Financial Planning and X430.391 Financial Analysis in Personal Financial Planning. For students with no tax background a reading of the current year IRS Publication 17 (https://www.irs.gov/pub/irs-pdf/p17.pdf) is recommended, or consent of instructor.
Required course in the Personal Financial Planning Certificate. Core course in the Taxation Certificate.