Cut your client's tax bill : individual tax planning tips and strategies / Bill Bischoff.

Online resource; title from PDF title page (EBSCO, viewed April 24, 2018)

Intro; Title page; Copyright; Chapter 1 Maximizing Tax Benefits for Sales of Capital Gain Assets and Real Property; Current Capital Gain and Dividend Tax Rates; Tax-Smart Strategies for Capital-Gain Assets; Tax-Smart Strategies for Fixed-Income Investments; Planning for Mutual Fund Transactions; Converting Capital Gains and Dividends Into Ordinary Income to Maximize Investment Interest Write-Offs; Planning for Capital Gain Treatment for Subdivided Lot Sales via IRC Section 1237 Relief; Land Is Not Always a Capital Asset

Beneficial Capital Gain Treatment Allowed for Sale of Right to Buy Land and Build Condo ProjectEscape Taxable Gains Altogether With Like-Kind Exchanges; Primer on the 3.8 Percent Net Investment Income Tax; Chapter 2 Planning for Employer Stock Options, Employer Stock Held in Retirement Accounts, and Restricted Stock; Employer Stock Options: Tax Implications; How to Handle Employer Stock From Qualified Retirement Plan Distributions; Restricted Stock: Tax Implications; Chapter 3 Maximizing Tax Benefits for Personal Residence Transactions; Qualification Rules for Gain Exclusion Privilege

Excluding Gain From Sale of Land Next to ResidenceExcluding Gains in Marriage and Divorce Situations; "Electing Out" of Gain Exclusion Privilege; Sale of Former Principal Residence "Freed Up" Suspended PALs From Rental Period Even Though Gain on Sale Was Excluded; Understanding the Tax Implications of Personal Residence Short Sales and Foreclosures; Tax Angles When Client Converts Personal Residence Into Rental Property; Chapter 4 Tax Planning Opportunities With Vacation Homes, Timeshares, and Co-Ownership Arrangements

Rules for "Regular" Vacation Homes (as Opposed to Timeshares and Co-Ownership Deals)Rules for Timeshares and Vacation Home Co-Ownership Arrangements; Playing the Gain Exclusion Game With Multiple Residences; Chapter 5 Tax Planning for Marital Splits and Married Same-Sex Couples; Separate Versus Joint Returns for Pre-Divorce Years; Avoiding Pre-Divorce Tax Fiascos With IRA and Qualified Retirement Plan Assets; Planning to Achieve Tax-Effective Splits of IRA and Qualified Retirement Plan Assets; Planning to Achieve Equitable After-Tax Property Divisions

Planning for Children's Dependent Exemption DeductionsPlanning to Qualify Payments as Deductible Alimony; Tax Developments Affecting Married Same-Sex Couples; Chapter 6 Tax-Saving Tips for Self-Employed Clients; "Heavy" SUVs, Pickups, and Vans Are Still Big Tax-Savers; Combine "Heavy" Vehicle With Deductible Home Office for Major Tax Savings; Home Office Deduction Options; What to Do When Spouses Are Active in the Self-Employment Activity; Simplified Compliance Rules for Unincorporated Husband-Wife Businesses in Non-Community Property States; Update on Tax-Smart Health Savings Accounts

This title provides the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies. Completely updated for tax law changes, this book will bring you up-to-date on the latest strategies that will keep more money in the hands of clients and make their accountant look like a hero! This book will help: -Determine when selling capital assets, business assets, and real estate are to a client's advantage -Apply like-kind exchange rules under Section 1031 -Identify ways to advise clients on how to minimize taxes on employer stock options and employer stock held in qualified retirement plan accounts -Differentiate between incentive stock options (ISOs) and nonqualified stock options (NQSOs) -Determine ways to help clients obtain maximum tax savings from vacation home and timeshare properties -Differentiate between the rules for "regular" vacation homes, timeshares, and co-ownership deals -Determine appropriate federal income tax advice for clients who are separated, divorcing, or divorced -Recall ways to help middle-class clients identify college financing tax breaks -Identify tax-saving college financing manoeuvres for higher-income clients who are ineligible for the well-known education tax breaks -Identify strategies of husband-wife businesses that will reduce Social Security and Medicare taxes -Identify strategies for how parents can employ their children through their closely held business.