Description

Learn how to minimize your over-all tax burden. This course will address a variety of tax strategies for individuals. The hurdles that must be overcome, including those imposed by the IRS and courts, will be discussed.  Approved for 4 hours Kansas and Missouri CLE.  

Highlights

Individual Taxation

Objectives

• Distinguish the difference between effective tax planning and actions that can be penalized for
• Point out the obstacles to effective tax planning imposed by the Internal Revenue Code
• Identify the impediments to effective tax planning used by the IRS
• Explain the judicial doctrines that restrict tax planning
• List various penalties that may be imposed due to improper tax planning
• Note how tax planning has been encouraged by courts
• Identify factors to consider in devising and implementing a tax strategy
• Identify, describe, and explain a number of tax strategies that have been effective in the past
• Assess whether the potential benefits outweigh the costs