Income Tax Planning for High-Income Individuals: Defined Benefit and Other Plans, Tax Reform Opportunities
Recording of a 110-minute CPE webinar with Q&A
This course will outline tax planning opportunities for taxpayers in the highest tax bracket. Tax reform brought new planning opportunities for high-income earners along with the new, slightly lower, 37% tax bracket. These strategies along with existing techniques can be implemented to lessen the tax burden of top-bracket taxpayers. Our panel of experts will explain methods they have utilized to guide practitioners through tried and true techniques as well as new planning strategies in light of tax reform.
Outline
- Identifying taxpayers for high-income planning
- Charitable planning
- Retirement planning
- Tax reform opportunities
- State tax planning
Benefits
The panel will review these and other critical issues:
- Who is eligible for a defined benefit plan?
- When is a Roth conversion an appropriate strategy?
- How can a taxpayer defer taxation using opportunity zones?
- What is a donor-advised fund, and how are these used to save tax?
- Should a taxpayer consider a CRT, CLT or other gifting strategies?
Faculty
Lisa R. Featherngill
Head of Legacy and Wealth Planning
Abbot Downing
Ms. Featherngill is the head of Legacy and Wealth Planning at Abbot Downing. She is responsible for a comprehensive... | Read More
Ms. Featherngill is the head of Legacy and Wealth Planning at Abbot Downing. She is responsible for a comprehensive suite of services, including the Abbot Downing Clarity signature service, customized financial and wealth transfer planning, and planning for business transitions. She leads a team of experienced and credentialed professionals who provide traditional planning in a unique way to align with family governance, history, and education programs that reflect clients’ values, priorities, and goals. Ms. Featherngill's team of professionals are integral members of the Abbot Downing client team, providing ongoing advice to clients and coordinating with their other trusted advisors to ensure planning goals and communication plans are incorporated into banking, asset management, and fiduciary services.
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Alex Nahoum, EA, FCA, MAAA
Actuary
Danziger & Markhoff
Mr. Nahoum’s primary focus is the design and implementation of qualified retirement plans for closely held and... | Read More
Mr. Nahoum’s primary focus is the design and implementation of qualified retirement plans for closely held and mid-size businesses. He works seamlessly alongside his clients' tax and financial advisors to ensure that the proposed plan is the best design for their client's needs. Mr. Nahoum also has extensive experience in the annual administration of defined contribution and defined benefit plans (both traditional and cash balance). This includes annual compliance testing, minimum and maximum funding calculations, employee benefit distribution calculations and annual reporting to the DOL, IRS and Pension Benefit Guarantee Corporation.
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