With the passage of the far-reaching Tax Cuts and Jobs Act of 2017, financial advisors, planners, and insurance professionals are in need of up-to-date, reliable tools and expert insights into income tax planning techniques. The new 6th Edition of The Tools & Techniques of Income Tax Planning provides all of that in abundance. All chapters have been completely updated to reflect the many changes brought about by the Tax Act.
New and revised material includes:
- A chapter on Section 199A Qualified Business Income Deduction for pass-through entitiesÂ
- Tax treatment of spousal support payments mandated by divorce and separation agreementsÂ
- Updated AMT calculationsÂ
- Information on accounting methods and depreciation rulesÂ
- Like-kind exchanges and Opportunity Zone investmentsÂ
- And much more!
And, as with the first five editions of this valuable resource, readers benefit from:
- Detailed explanations of complex real-world tax issuesÂ
- Easy-to-read explanations of how various tax strategies work and when they should and should not be employedÂ
- Clear, thorough examples that show exactly when certain tax rules apply, and how planners can help their clients avoid “tax traps†that can lead to unexpected and unnecessary tax liabilityÂ
- Comprehensive explanation of investment-related tax concepts which help investors and planners devise tax-efficient strategiesÂ
- Thoughtful, independent advice about the best strategies for specific situations
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Every area of tax planning covered in this book is accompanied by the tools and techniques you can use to: help your clients successfully navigate the latest income tax rules and regulations; quickly simplify the tax aspects of complex planning strategies; and confidently advise your individual clients as well as small- and medium-size business owners.
