{"product_id":"cut-your-clients-tax-bill-9781119724537","title":"Cut Your Clients Tax Bill","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eMany clients and businesses are highly focused on the impact of taxes and tax rates on their bottom line. President Trump and Congress''s passage of the Tax Cuts and Jobs Act brought unhappy surprises to many taxpayers accustomed to getting tax refunds. Make sure your clients are protecting themselves from higher taxes.\u003c\/p\u003e \u003cp\u003eCompletely updated for tax law changes and Tax Court decisions, this book will bring you up to date on the latest strategies that will preserve your clients'' wealth and ensure your role as a trusted adviser to your clients. Get the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies.\u003c\/p\u003e Key topics covered include; \u003cul\u003e \u003cli\u003eSales of capital gain assets and real property\u003c\/li\u003e \u003cli\u003ePlanning for employer stock options, employer stock held in retirement accounts, and restricted stock\u003c\/li\u003e \u003cli\u003eMaximizing tax benefits for personal residence transactions\u003c\/li\u003e \u003cli\u003eTax-planning opportunities with vacation homes,\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003e\u003cb\u003eChapter 1 1-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaximizing Tax Benefits for Sales of Capital Gain Assets and Real Property 1-1\u003c\/p\u003e \u003cp\u003eCurrent capital gain and dividend tax rates 1-3\u003c\/p\u003e \u003cp\u003eTax-smart strategies for capital gain assets 1-8\u003c\/p\u003e \u003cp\u003eTax-smart strategies for fixed-income investments 1-12\u003c\/p\u003e \u003cp\u003ePlanning for mutual fund transactions 1-14\u003c\/p\u003e \u003cp\u003eConverting capital gains and dividends into ordinary income to maximize investment interest write-offs 1-19\u003c\/p\u003e \u003cp\u003ePlanning for capital gain treatment for subdivided lot sales via IRC Section 1237 relief 1-22\u003c\/p\u003e \u003cp\u003eLand is not always a capital asset 1-29\u003c\/p\u003e \u003cp\u003eBeneficial capital gain treatment allowed for sale of right to buy land and build condo project 1-33\u003c\/p\u003e \u003cp\u003eEscape taxable gains altogether with like-kind exchanges 1-35\u003c\/p\u003e \u003cp\u003ePrimer on the 3.8% net investment income tax 1-49\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 2-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePlanning for Employer Stock Options, Employer Stock Held in Retirement Accounts, and Restricted Stock 2-1\u003c\/p\u003e \u003cp\u003eEmployer stock options: Tax implications 2-2\u003c\/p\u003e \u003cp\u003eHow to handle employer stock received in a qualified retirement plan distribution 2-12\u003c\/p\u003e \u003cp\u003eRestricted stock: Tax implications 2-14\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 3-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eMaximizing Tax Benefits for Personal Residence Transactions 3-1\u003c\/p\u003e \u003cp\u003eQualification rules for gain exclusion privilege 3-2\u003c\/p\u003e \u003cp\u003eExcluding gain from sale of land next to residence 3-13\u003c\/p\u003e \u003cp\u003eExcluding gains in marriage and divorce situations 3-14\u003c\/p\u003e \u003cp\u003e“Electing out” of gain exclusion privilege 3-18\u003c\/p\u003e \u003cp\u003eSale of former principal residence “freed up” suspended PALs from rental period even though gain on sale was excluded 3-19\u003c\/p\u003e \u003cp\u003eUnderstanding the tax implications of personal residence short sales and foreclosures 3-21\u003c\/p\u003e \u003cp\u003eTax angles when client converts personal residence into rental property 3-29\u003c\/p\u003e \u003cp\u003eHow the TCJA affects homeowners 3-33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 4-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax Planning Opportunities with Vacation Homes, Timeshares, and Co-Ownership Arrangements 4-1\u003c\/p\u003e \u003cp\u003eRules for “regular” vacation homes (as opposed to timeshares and co-ownership deals) 4-2\u003c\/p\u003e \u003cp\u003eRules for timeshares and vacation home co-ownership arrangements 4-7\u003c\/p\u003e \u003cp\u003ePlaying the gain exclusion game with multiple residences 4-10\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 5-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax Planning for Marital Splits and Married Same-Sex Couples 5-1\u003c\/p\u003e \u003cp\u003eSeparate versus joint returns for pre-divorce years 5-3\u003c\/p\u003e \u003cp\u003eAvoiding pre-divorce tax fiascos with IRA and qualified retirement plan assets 5-11\u003c\/p\u003e \u003cp\u003ePlanning to achieve tax-effective splits of IRA and QRP assets 5-12\u003c\/p\u003e \u003cp\u003ePlanning to achieve equitable after-tax property divisions 5-18\u003c\/p\u003e \u003cp\u003eTreating payments as deductible alimony 5-21\u003c\/p\u003e \u003cp\u003eTax developments affecting married same-sex couples 5-29\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 6-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax-Saving Tips for Self-Employed Clients 6-1\u003c\/p\u003e \u003cp\u003e“Heavy” SUVs, pickups, and vans are still big tax-savers 6-2\u003c\/p\u003e \u003cp\u003eCombine “heavy” vehicle with deductible home office for major tax savings 6-8\u003c\/p\u003e \u003cp\u003eHome office deduction options 6-10\u003c\/p\u003e \u003cp\u003eWhat to do when both spouses are active in the self-employment activity 6-20\u003c\/p\u003e \u003cp\u003eSimplified compliance rules for unincorporated husband-wife businesses in non-community property states 6-27\u003c\/p\u003e \u003cp\u003eUpdate on tax-smart health savings accounts 6-30\u003c\/p\u003e \u003cp\u003eSection 199A – The qualified business income deduction 6-37\u003c\/p\u003e \u003cp\u003eShould your client’s business switch to C corporation status? 6-44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 7-1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eTax-Smart College Financing Strategies 7-1\u003c\/p\u003e \u003cp\u003eEducation tax credits 7-2\u003c\/p\u003e \u003cp\u003eDeduction for higher education tuition and fees 7-8\u003c\/p\u003e \u003cp\u003eDeduction for student loan interest 7-9\u003c\/p\u003e \u003cp\u003eCoverdell Education Savings Accounts 7-11\u003c\/p\u003e \u003cp\u003eTax-free interest from U.S. Savings Bonds 7-12\u003c\/p\u003e \u003cp\u003eElecting the accrual method for U.S. Savings Bonds 7-15\u003c\/p\u003e \u003cp\u003eSplitting investment income with the kids 7-17\u003c\/p\u003e \u003cp\u003eHow a closely held business can deduct college expenses paid for the owner’s adult child 7-30\u003c\/p\u003e \u003cp\u003e“Last-minute” suggestions for procrastinators 7-32\u003c\/p\u003e \u003cp\u003eGlossary Glossary 1\u003c\/p\u003e \u003cp\u003eIndex Index 1\u003c\/p\u003e \u003cp\u003eSolutions Solutions 1\u003c\/p\u003e \u003cp\u003eChapter 1 Solutions 1\u003c\/p\u003e \u003cp\u003eChapter 2 Solutions 4\u003c\/p\u003e \u003cp\u003eChapter 3 Solutions 5\u003c\/p\u003e \u003cp\u003eChapter 4 Solutions 7\u003c\/p\u003e \u003cp\u003eChapter 5 Solutions 8\u003c\/p\u003e \u003cp\u003eChapter 6 Solutions 10\u003c\/p\u003e \u003cp\u003eChapter 7 Solutions 13\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49407132893527,"sku":"9781119724537","price":94.5,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119724537.jpg?v=1730498296","url":"https:\/\/bookcurl.com\/products\/cut-your-clients-tax-bill-9781119724537","provider":"Book Curl","version":"1.0","type":"link"}