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Monthly Tax Update with Ed Zollars: Essential Considerations for Year-End Tax Planning Meetings (D0-E2411604)

1:44:53 Minutes
On demand - Video

On Demand - Video

OVERVIEW

If you missed the NJCPA’s Monthly Tax Update with Ed Zollars, you can watch a replay. The content is accurate as of the original date presented, 11/25/24. There is no CPE for this on-demand replay.

DESIGNED FOR

CPAs and other financial professionals

BENEFITS

Understand potential actions to take by Dec. 31, 2024, and planning opportunities that will remain available in 2025.

HIGHLIGHTS

  • Planning to optimize the use of tax brackets — taking action to deal with avoidable spikes in 2024 or 2025 taxable income
  • Identifying items of income and deduction where the taxpayer can control the year of inclusion in taxable income
  • Knowing which deductible expenses can be arranged to be paid in 2024 and what the limits are for doing so
  • Reviewing retirement plans for year-end tax planning: Are there options to make deductible retirement contributions, including the establishment of new retirement plans for a taxpayer’s business?
  • Consideration of the timing of any Roth IRA conversions, taking into account possible changes in 2026 due to the expiration of many TCJA provisions
  • Giving advice in a fashion to reduce the possibility that a client makes mistakes that sabotage the plan, including overdoing steps like accelerating so many deductions into 2024 as to have them wasted against low tax bracket income

COURSE LEVEL

Basic

INSTRUCTOR

Edward Zollars

Edward K. Zollars, CPA

Tax and Technology Partner

Thomas Zollars & Lynch, Ltd.

Ed is a partner with the firm of Thomas, Zollars & Lynch, Ltd, in Phoenix, Arizona, and specializes in tax issues for closely held businesses and individuals. He has served on committees with the American Institute of CPAs' (AICPA) Tax Section and currently serves on the Arizona Society of CPAs' (ASCPA) legislative tax liaison committee. Ed has published tax podcasts on tax matters and is currently producing the weekly audio and video for the Current Federal Tax Developments podcast on current tax matters for Kaplan Financial Education and the related blog with regular tax updates throughout the week. Along with writing, editing and presenting courses for the past 15 years, Ed has written articles published in Practical Tax Strategies and The Tax Adviser. He is a frequent contributor to a number of online professional tax discussion groups, including the NJCPA Member Open Forum.

PRICING

$0.00 - Member

$39.00 - Nonmember

ADDITIONAL OPTIONS

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COURSE DEVELOPER

NJCPA Education Foundation, Inc.
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