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Course Details

Tax Analysis of Investments Using the Internet (Course Id 234)

Updated / QAS / Registry / EA   Add to Cart 
Author : Danny C Santucci, JD
Status : Production
CPE Credits : 15.5
IRS Credits : 15
Price : $123.95
Passing Score : 70%
Primary Subject-Field Of Study:

Taxes - Taxation for Course Id 234

Description :

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.
The tax professional is in a special position to detect a client's need for financial planning. Preparing returns discloses assets, savings, business entities, and family members. Knowledge of the client's assets, activities and the tax characteristics of available entities permits investment matching for maximum after-tax return.
The basic tax characteristics of the primary tax entities are explored and analyzed. Their ability to defer, reduce, and eliminate tax is examined. Client goals, purposes and risk tolerances are determined and quanitated using the Sharp ratio. Investments and assets are then evaluated using a variety of tools found on the Internet. Finally, investments and entities are matched to produce the best after-tax return for the client.

Usage Rank : 0
Release : 2016
Version : 1.0
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-Jul-2016
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:

    * Myths of retirement
    * Cash management & savings
    * Physical assets
    * Stocks
    * Bonds
    * Mutual funds
    * Life insurance
    * Social Security
    * Active investment strategies
    * Passive investment strategies
Learning Objectives:

After reading Chapter 1, participants will be able to:
    1. Determine the differences between goals & purposes when retirement planning and how to implement strategies to preserve wealth by maintaining buying power.
    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.
ASSIGNMENT SUBJECT
Chapter 2 Building an Estate

At the start of Chapter 2, participants should identify the following topics for study:

    * Types of income
    * Information reporting on taxable income
    * Rules of budgeting
    * Cash
    * Acquisition
    * Assets
    * Rules of management
    * Managing risk
    * Taxes
    * Leverage
Learning Objectives:

After reading Chapter 2, participants will be able to:
    1. Determine the role income in money management by identifying the various types of income particularly tax-free and tax-deferred income and their impact on financial and retirement planning.
    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 authors 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.
ASSIGNMENT SUBJECT
Chapter 3 Preserving the Estate

At the start of Chapter 3, participants should identify the following topics for study:

    * Obstacles to preservation
    * Tracking spending
    * Building savings
    * Designing a budget
    * Determining worth
    * Analyzing net worth
    * Ignorance
    * Inflation
    * Taxes
    * Tax planning tactics
Learning Objectives:

After reading Chapter 3, participants will be able to:
    1. Recognize the impact of taxes, inflation, and bad spending habits on wealth preservation and a budget to increase discretionary income.
    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.
ASSIGNMENT SUBJECT
Chapter 4 Distribution of the Estate

At the start of Chapter 4, participants should identify the following topics for study:

    * Unlimited marital deduction
    * Applicable exclusion amount
    * Stepped-up basis
    * Basic estate planning goals
    * Simple will
    * Types of trusts
    * Charitable trusts
    * Insurance trusts
    * Family documents
    * Private annuities
Learning Objectives:

After reading Chapter 4, participants will be able to:
    1. Identify the unlimited marital deduction noting its effect on the value and death transfer of property and specify the tax implications of the applicable exclusion amount for estate planning.
    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 - Introduction

The Internet

Investment Clubs

A Map for Financial Independence

Mapping Steps

Identifying Your Goals

Investment Purposes

Purpose #1 - Comfortable Retirement

Myths of Retirement

Plan For 10 to 15 Retirement Years

Stay With One Company to Retire With the Best Benefits

Preserve Capital

Retirees Are Taxed Less

Housing Costs Are Less

Just the Spouse and Me

Company Insurance & Medicare Will Cover Medical Bills

Retirees End Up In a Nursing Home

Purpose #2 - Education

Purpose #3 - Family & Personal Stability

Purpose #4 - Enjoyment of Life

Investment Goals

Find Your Place in Time

Know Thy Investment Self

Investment Vehicles & Entities

Developing a Financial Plan

Implementing the Plan

Cash Management

Inflation

Savings

Compounding

Strategies for Savings

Asset Types

Physical Assets

Liquidity

Real Estate

Residential Housing

Land

Commercial Real Estate

Financial Assets

Stocks

Stock Groupings

Cyclical Stocks

Defensive Stocks

High Growth Stocks

Interest-Sensitive Stocks

Small Companies

Preferred Stock

Bonds

Bond Ratings

Standard & Poor

Return & Maturity

Inflation

Callable Bonds

Convertible Bonds

Zero-Coupon Bonds

U.S. Government Bonds

Interest & Inflation Risk

Municipal Bonds

Mutual Funds

Open-End Versus Closed-End Funds

Load vs. No-Load

Index Funds

Life Insurance

Purpose

Types of Life Insurance

Term Insurance

Whole Life (Permanent) Insurance

Straight Life vs. Limited Payment

Modified vs. Preferred

Endowment Insurance

Universal Life

Charges

Premium Payment

Variable Life

Investment Accounts

Taxation

Survivor Life

Single Premium Whole Life

Tax Overview

Income Tax

Transfer for Value Rule

Social Security

Earnings Record

Payments Exempt from Social Security

Social Security Checkup

Form SSA-7004

Form SSA-7050

Commitment

Investment Selection & Evaluation Strategies

Active Strategies

Fundamental Analysis

Technical Analysis

Key Ratios Analysis

Price/Earnings (P/E) Multiple

Earnings Per Share

ROA & ROE

Debt to Equity

Current Ratio

Price-to-Book Value

Day Trading

Asset Value Investing

Contrarian Investing

Short-Term Market Timing

Long Term Trends

Dollar Cost Averaging

Passive Strategies

Dow Investing

Asset Allocation Re-Balancing

Chapter 2 - Building the Estate

Assets, Income & Cash

Income

Type #1 - Taxable

Information Reporting on Taxable Income

Payments

Salary & Wages

Interest Income

Dividends

Tax-refunds

Gambling Winnings

Other Income Known to the IRS

Real Estate Transactions

Type #2 - Tax-free

Type #3 - Tax-Deferred

Type #4 - Tax-sheltered

Gifts

Borrowed Money

Gain on Home Sales

IRA Rollovers

Inheritances

Life Insurance Proceeds

Property Settlements

Child Support Payments

Money Recovered For Personal Injuries

Workers Compensation Payments

Disability Payments

Tax Refunds

Municipal Bond Interest

Vacation Home Rental

Childrens Wages

Childrens Investment Income

Scholarships

Budgeting

Rule #1: Expenses - 60%

Rule #2: Taxes - 20%

Rule #3: Savings - 10%

Rule #4: Education - 10%

Rule #5: Keep Your Benefits

Cash

Lifestyle

Emergency Funds

Savings as Deferred Investing

How To Save

Programmed Savings

Tax Savings

Joint vs. Separate Returns

Purchase of Assets

Acquisition

Stay Liquid - Be Able To Get Your Money Back

Grow - Make Money on Your Money

Shelter - Get Tax Benefits

Build - Dont Spend Your Benefits

Avoid Linking - Each Investment Must Stand On Its Own

Analyze - Investigate the Investment

Assets

Management

Rule #1 - Develop Cash Flow

Rule #2 - Learn To Negotiate

Rule #3 - Manage Risk

Investment Loss

Liability

Poor Health

Premature Death

Rule #4 - Diversify

Rule #5 - Monitor Assets

Rule #6 - Use Systems

Taxes & Investment Economics

Deductions Now, Taxes Later or Maybe Never

Accelerate Deductions

Taxes

Charitable Contributions

Medical Expenses

Miscellaneous Expenses

Business Expenses

Leverage

Chapter 3 - Preserving the Estate

Four Obstacles to Preservation

Spending Habits

Track Your Spending

Income

Expenditures

Living Expenses

Fixed

Variable

Credit Card Payments

The Bottom Line

Converting a Minus into a Plus

Build in Savings

Adjustments

Designing a Budget

What Are You Worth?

Inventory Assets

Cash

Personal Property

Investments

List Liabilities

Analyze Net Worth

Wasting Assets

Liquidity

Diversification

Cash Reserve

Ignorance

Taking Control

Planning Responsibility

Delegation

Asset Allocation - Risk & Return

Diversification

Risk (Fear) Tolerance

Timing

Quantifying Risk

Standard Deviation

Price Volatility

Rules of Risk

Another Fear - The Fear of Failure

Correction Courage

Inflation

Taxes

IRAs & Keogh Plans

Municipal Bonds

Low or No Dividends

Tax Planning Tactics

Chapter 4 - Distribution of the Estate

Unlimited Marital Deduction

Outright To Spouse

Marital Deduction Trust

Qualified Terminable Interest Property Trust

Applicable Exclusion Amount

Spousal Portability of Unused Exemption Amount - 2010(c)(2)

Stepped-up Basis & Modified Carryover Basis

Modified Carryover Basis - 1022

Limited Basis Increase for Certain Property

2010 Special Election

Basic Estate Planning Goals

Primary Dispositive Plans

Simple Will

Danger for Larger Estates

Probate

Assets Not Subject to a Will

Assets Subject to a Will

Trusts

Types of Trusts

Living Trusts

Testamentary Trusts

Revocable & Irrevocable

Living A-B Revocable Trust

Living A-B-C (QTIP) Trust

Impact of Spousal Portability on Trust B under TUIRJCA

Charitable Trusts

Charitable Remainder Trusts

Charitable Income Trusts

Insurance Trusts

Family Documents

Living Will

Property Agreement & Inventory

Durable Power Of Attorney

Power of Attorney for Health Care

Conservatorship

Funeral Arrangements

Anatomical Gifts

Private Annuity?

Advantages to the Transferor

Disadvantages to the Transferor

Advantages to the Transferee

Disadvantages to the Transferee

Regulations Restrict Private Annuity Income

Appendix A - Bookmarks

Acrobat Reader - The Document Download Standard

Art - The medium is the message

Autos & Vehicles

Boalt Hall - My Law School

Books - General Interest

Business - Individual greed is the good of all, Mr. Smith

Calculators - The harmony of numbers

California Culture - The Home of Zorro

Clip Art, Photos & Sounds

College Planning - Knowledge is Power

Consumer Rights & Info - Forgive All But Insist on Your Rights

Electronic Texts & Books

File Conversion

Financial - Only Self-Sufficiency Earns the Privilege to Help Others

Advice & Commentary

Advisor Ratings

New folder

Buy Hold Sell Recommendations

General

Reports & Summaries

Analysis - Evaluation & Selection Strategies

Active Methods - Working the Numbers

Passive Methods - Investing on Auto-Pilot

Asset Allocation

Associations & Groups

Brokers

Discount On-line

Full Service

Ratings

Budgeting & Managing Debt

Calculators

Clubs - Just a Sampling

Commodities & Futures

Derivatives

Discussion Groups, Message Boards & Chat

DRIPs - Dividend Reinvestment Plans

Education

FAQs

General

Glossaries & Dictionaries

Tutorials & Guides

Financial Planning

Insurance - Manage Risk

Agencies

Calculators

Education

General

Health

Legal

Property & Liability

Quotes

Ratings

Magazines & Periodicals

Market Monitors

Market Research & Investigation

Annual Reports

Annuities

Bonds

Charts

Mutual Funds

General

Indexed Funds

No-Load

Numbers, Statistics & Indexes

Prospectuses

SEC Filings

Stocks & Companies

Market Simulation Games

News - Financial

General

Mutual Fund News

Options

Portfolio Trackers

Quotes

Cusip #s

General

Historical

Real Time

Rates

Currency Exchange

Loan & Savings

Real Estate

General

News

Property

REITs

Risk Tolerance

Screeners

Food & Diet - You Are What You Eat

Fraud

Humor & Wit - Don't Confuse Stimulation With Thought

Comedy Newspapers

Jokes

Mark Twain

Huntington Beach - My Home

Internet - Guides, Marketing & Information

Dictionaries & Reference

E-mail Viewers

Guides

Marketing & Promotion

Permanent E-Mail Address

Resources

Web Page Design

Language - The Medium of Abstract Thought

Law - Limit the strong in treading upon the weak

Asset Protection

Books

Business Entities

Codes & Public Laws

Commercial Law & Contracts

Divorce & Family Law

California

Forms & Agreements

General

Eldercare

General Issues

Medicare & Medicaid

Nursing Homes & Living Alternatives

Employment & Labor

Federal

Agencies - General

Antitrust

Bankruptcy

Civil Procedure

Constitution

Copyright

Courts

Executive Orders

Immigration

Patent

Pending Legislation

Search - Federal

Social Security

Trademarks

U.S. Government Documents

Forms

Law Schools & Libraries

Lawyers

Legal Resourses - General

Municipal City Codes

Real Estate

Search

State

California

Bar

Codes

Courts

Forms

Legislature

Search

General State Resources

Uniform & Model Codes

Live Cameras

Loans & Mortgages - Don't lend money, it causes amnesia

Maps & Directions

Medical

Music

My Web Pages

News

Search Sites

Sources

Newsgroups

Newsletters

Office Utilities - Work Smart

Firewalls

General

Virus Scan

Web Calendars & PIMs

Web Drives

Word Processors

Package Tracking

Philosophy - Seek the Truth

Politics - Tyranny Requires Consent

Public Records

Real Estate

Foreclosure Resources

Reference - Its Important to be Correct

Dictionaries

Encyclopedias

Research & Reports

Religion - A Voluntary Suspension of Disbelief

Retirement Planning - Don't Get Old Without Money

Rome - My Heritage - Hail Victory

Science - The Triumph of Reason & Knowledge

Search - Seek and You Shall Find

General Search Sites

Meta Search Sites

News & Periodical Search Sites

People Search Sites

Shareware, Freeware & Updates

Shopping - Spend Wisely Or Not At All

Auctions

Computers & Software

Coupons

Food

General Merchandise

Music

Product Comparison

Videos

Statistics - Know the Facts

Tax - The Ransom for Civilization

Accountant & Attorney Locators - Tax

Accounting & Legal Associations

Applicable Federal Rates

Articles

Audit

Books

Calculation

California

Code - Federal

Commentary

Congressional Bills & Acts

Congressional Committees

Congressional Publications

Continuing Professional Education (CPE)

Courts & Cases

Circuit Courts of Appeal Cases

Court of Federal Claims Cases

General

Supreme Court Cases

Tax Court Cases

Divorce & Family Taxation

Employee Independent Contractor

Estate Tax Law & Planning

Forms

General

FASB

Federal Register

Foreign & International

Forms

Fraud

Health Savings Accounts

Investment Taxation

IRAs

IRS - Announcements

IRS - Audit Techniques Guides

IRS - Bulletins

IRS - General Interest

IRS - Notices

IRS - PLRs, AOD, etc

IRS - Pronouncements by Year

IRS - Publications

IRS - Revenue Procedures

IRS - Revenue Rulings

IRS Procedures

Libraries

Links & Sites

Magazines

Mailing Lists & Discussion Groups - Taxes

News - Taxes

Offers in Compromise & Other Tax Problems

Payroll Taxes

Pending & Recent Legislation

Per Diem Allowances

Protesters

Rates & Tables

Regulations

Research - Tax

Software

State Tax Forms

State Taxes

Income Tax

Sales Tax

Tax Free Exchanges

Tax Subscription Services

Valuation - Everything's Price But Nothing's Value

Tech Support

Travel Reservations

Video

Weather & Traffic

 

Glossary

Taxes Course 234 Home: https://www.cpethink.com/tax-cpa-courses
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