|Author :||Danny C Santucci, JD|
|CPE Credits :||15.5|
|IRS Credits :||15|
|Passing Score :||70%|
|Primary Subject-Field Of Study:||
Taxes - Taxes for Course Id 234
Taxes aren't taxes - they are dollars in terms of the net return on investment. All tax professionals need to know the tax-economics of investing for themselves and their clients. This need is accentuated by the rapid rise of the Internet as a broad-based and effective investment tool.
|Usage Rank :||0|
|Prerequisites :||General understanding of federal income taxation.|
|Experience Level :||Overview|
|Additional Contents :||Complete, no additional material needed|
|Additional Links :|
|Advance Preparation :||None.|
|Delivery Method :||Self-Study|
|Intended Participants :||Anyone needing Continuing Professional Education (CPE)|
|Revision Date :||14-Dec-2017|
|NASBA Course Declaration :||Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.|
|Approved Audience :||
NASBA QAS - NASBA Registry - IRS Enrolled Agents - 234
|Keywords :||Taxes, Tax, Analysis, Investments, Using, Internet, cpe, cpa, online course|
|Learning Objectives :||
As a result of studying each assignment, you should be able to meet the objectives listed below each assignment.ASSIGNMENT SUBJECT
Chapter 1 Introduction
At the start of Chapter 1, participants should identify the following topics for study:
* Cash management & savings
* Physical assets
* Mutual funds
* Life insurance
* Social Security
* Active investment strategies
* Passive investment strategies
After reading Chapter 1, participants will be able to:
2. Identify the various cash management strategies and their effectiveness as part of an overall financial plan.
3. Specify categories of assets noting their role in improving investment planning.
4. Recognize the impact of Social Security and insurance in developing a financial plan for retirement.
5. Identify active versus passive investment selection and evaluation strategies and the role each of the techniques can play in a financial plan for retirement.
Chapter 2 Building an Estate
At the start of Chapter 2, participants should identify the following topics for study:
* Information reporting on taxable income
* Rules of budgeting
* Rules of management
* Managing risk
After reading Chapter 2, participants will be able to:
2. Recognize the principles of budgeting and cash management to increase discretionary income by citing budgeting techniques and specifying how to expand financial planning opportunities though the use of savings, deductions, and emergency funds.
3. Identify ways to manage assets using the author’s guidelines for purchasing assts and specify rules for acquiring financial assets that improve investment return and minimize risk.
4. Recognize the tax advantages of accelerating deductions and leveraging the purchase of assets.
Chapter 3 Preserving the Estate
At the start of Chapter 3, participants should identify the following topics for study:
* Tracking spending
* Building savings
* Designing a budget
* Determining worth
* Analyzing net worth
* Tax planning tactics
After reading Chapter 3, participants will be able to:
2. Identify the process of taking an asset inventory noting its impact on net worth and variables that impact net worth.
3. Specify the importance of personal responsibility when it comes to financial planning noting the importance of personal control over finances and recognize the role of asset allocation, risk tolerance, diversification, and tax planning tactics in maximizing investment returns.
Chapter 4 Distribution of the Estate
At the start of Chapter 4, participants should identify the following topics for study:
* Applicable exclusion amount
* Stepped-up basis
* Basic estate planning goals
* Simple will
* Types of trusts
* Charitable trusts
* Insurance trusts
* Family documents
* Private annuities
After reading Chapter 4, participants will be able to:
2. Recognize stepped-up basis at death and its importance to surviving spouses and heirs.
3. Determine primary dispositive plans and identify their effects on estate planning starting with simple wills, identify the various asset types that are included and not included in wills, and specify the various types of trusts and their characteristics noting their advantages and disadvantages relative to estate planning.
4. Recognize the roles of a conservatorship and durable power of attorney play in estate planning and identify the advantages and disadvantages of former private annuities.
|Course Contents :||
Chapter 1 -
Chapter 2 -
Chapter 3 -
Chapter 4 -
Buy Hold Sell Recommendations