Tax Planning Bootcamp

Wednesday, August 23 & Thursday, August 24
Register Now 
Select the 2-Day Registration Package

This two-day seminar is devoted to an examination of various federal tax planning strategies. Topics covered will include: 

bullet.png Individuals
bullet.png Gift and Estate Taxation
bullet.png Choice of Business Entity
bullet.png Retirement Planning
bullet.png Flow-Through Entities
bullet.png Corporate and Business Taxation

A brief review of the tax basics for each topic will be covered firs followed by a discussion of common and not-so-common planning strategies. These discussions will be supplemented with case studies and planning spreadsheets.One of the major objectives of the two-day course is to expose participants to as many tips and planning strategies as possible related to the major topics.  In that regard, the presentation will focus less on details that can lead to being lost in the weeds; rather, the focus is on recognition of possible planning opportunities that may be of benefit to clients.

The complete schedule for both days is below.

IRS CE: 14 Hours/Federal Tax Law
NASBA CE: 14 Hours/Tax


Ethics for the 21st Century Tax Professional

Thursday, August 24
8:00 - 9:40am

The presentation will address the “real world” of tax preparation that many tax professionals frequently are engaged, how to respond and how to use Circular 230, Federal Code of Regulations to respond in difficulty situations.  The participants will embrace the part ethics plays in the profession of being a tax professional.

IRS CE: 2 Hours/Ethics
NASBA CE: 2 Hours/Regulatory Ethics 

Presented by Beanna J. Whitlock, EA, CSA 


• a dessert reception on Wednesday evening
• lunch both days
• the Installation Banquet on Thursday evening

    william_duncan.pngWilliam A. Duncan, Ph.D., CPA        cherie_hennig.pngCherie J. Hennig, Ph.D., CPA john_everett.pngJohn O. Everett, Ph.D., CPA         beannacircle2.pngBeanna J. Whitlock, EA CSA
    William is an Associate Professor of Accounting at Arizona State University. Dr. Duncan was formerly a Director with Ernst & Young where he guided tax education for the firm. Read More Cherie began her career as an IRS Revenue Agent in Denver, CO. She has taught undergraduate and graduate tax courses at Florida International University, Colorado State University, the University of South Florida Read More John is Professor Emeritus of Accounting at Virginia Commonwealth University in Richmond, VA. John’s teaching specialty is federal taxation. He has authored or co-authored over 90 articles Read More Beanna is an Enrolled Agent in private practice as Whitlock Tax Service, LLC located in Reno, NV. A tax law instructor for more than 35 years with emphasis on Limited Liability Company and Ethics and Professional Conduct presentations. Read More


    I.   Individual Taxation (3 Hours)

    AMT- Evaluating private activity bonds in an AMT environment
    AMT- Should income be accelerated into an AMT year?
    AMT- Deferring expenses in an AMT year and the effects of AMT credit
    Investment Interest Deductions- Evaluating the capital gains/dividend election
    Passive Activity Rules- Grouping undertakings for maximum tax benefit
    Passive Activity Rules- Planning with the $25,000 exception
    Passive Activity Rules- Evaluating disposition possibilities
    Capital Transactions- Maximizing the gain/loss netting rules
    Capital Transactions- How much loss can be absorbed to gain long-term status
    Capital Transactions- Possible benefits of wash sales
    Vacation Rentals- Working with the de minimis rules
    Vacation Homes- The false choice of IRS vs. Bolton allocation methods
    Vacation Homes- Can a case be made for increasing personal days
    Vacation Homes- Evaluating pooling arrangements in light of the Razavi decision
    Investments- Planning for the net investment income tax
    Alimony- Structuring win-win agreements when tax rates of spouses vary
    Fringe Benefits- Measuring the true value of fringe benefit exclusions
    Charitable Contributions- Evaluating choices with contributions of property

    II.   Choice of Business Entity (2 Hours)

    Entities- Comparing the tax regimes
    Entities- Evaluating the key tax and non-tax factors in entity choice
    Entities- The special case of limited liability entities
    Entities- Incorporating liquidation issues in choice of entity decisions

    III.   C Corporation and Business Planning (3 Hours)

    Business in General- Adoption of an accounting method
    Business in General- Changing "changes of methods" to "changes of facts"
    Business in General- The advantages of HRAs, HSAs, and FSAs
    Business in General- Tax saving possibilities with the rehabilitation tax credit
    Business in General- Investments in low-income housing tax credit properties
    MACRS Deductions- Maximizing the use of Sec. 179 deduction
    MACRS Deductions- Planning asset acquisitions within the MACRS framework
    MACRS Deductions- Maximizing deductions with cost segregation elections
    Sales of Business Property- Mapping the interacting Code sections
    Sales of Business Property- When abandonment may be preferred to a sale
    UNICAP Rules- Minimizing the impact of capitalization
    LIFO Inventories- Maximizing the use of pools to minimize drops in inventory
    Corporations- Avoiding tax on Sec 351 contrinutions of property at formation
    Corporations- Planning for the dividends received deduction ahead of time
    Corporations- Minimizing the effects of the alternative minimum tax
    Corporations- Planning decisions when NOLs are present
    Corporations- Working with the distribution rules

      Ethics for the 21st Century Tax Professional (2 Hours)

      IV.   Flow-Thru Entities Planning (2 Hours)

      Partnerships- Avoiding tax on formation
      Partnerships- Planning possibilities with profit & loss sharing agreements
      Partnerships- Evaluating optional basis adjustments
      Partnerships- Planning cash and property distributions
      Partnerships- Retirement payments and Sec. 336(a) and Sec. 336(b)
      Partnerships- Awareness of the reportable entity rules
      S Corporations- Employment taxes and the Watson decision
      S Corporations- Considering the E&P tier election for distributions
      S Corporations- Tax consequences of converting from C to an S corporation
      Limited Liability Companies- Special tax issues and updates

      V.   Gift and Estate Tax Planning (2 Hours)

      Gift Planning- Sometimes the simplest plan is the best plan
      Gift Planning- Advantages of trusts in incorporating a Crummy power
      Estate Planning- Comparing the AB Trust arrangement with the portability option
      Advanced Planning- Advantages of installment sales of potential estate properties
      Advanced Planning- Advantages of a personal residence trust
      Advanced Planning- Evaluating the Economics of a Grantor Retained Annuity Trust
      Advanced Planning- Family partnerships with minority/marketability discounts
      Advanced Planning- Evaluating high-risk intentionally defective trust arrangements

      VI.   Retirement Planning (2 Hours)

      Retirement- Basic defined benefit and defined contribution choices
      Retirement- ​​
      ​Estimating the benefits and costs of supplemental plans
      Retirement- Evaluating possible switches: defined benefit to defined contribution
      Retirement- Critically evaluating a "pension-max" strategy
      Retirement- Considerations in choosing between traditional IRAs and Roth IRAs
      Retirement- Estimating break-even investment periods for non-deductible IRAs
      Retirement- Incorporating the effects of Medicare costs in retirement planning
      Retirement- Evaluating direct contributions of IRAs to charity
      Incentive Stock options, non-qualified options, and Sec. 83(b) elections