A client’s completed Form 1040 is the single most important financial document available to assist a financial planner in understanding a client’s current financial situation. In addition to any other attached forms or schedules, the 1040 shows the details of all income sources, number of dependents, marital status, and contributions and withdrawals from IRAs and qualified plans. Some IRA and annuity providers even have created clear plastic overlays to be used in conjunction with a client’s Form 1040 to uncover talking points that are associated with specific line numbers on the return. This webinar will show you how to use the information found on the return to aid in planning for income taxes, insurance, investments, retirement, and estate planning.
Learning Objectives
- Identify important line items on the return that can help provide clues to provide financial planning help for a client
- Identify entries on the return that can call for suggestions to minimize taxes in the future.
- Identify entries on the return that can assist the client in obtaining proper diversification of investments, proper risk management through insurance, and effective retirement planning and estate planning
- Describe ways in which any attached schedules or forms can be used to assist in financial planning guidance for the client
Eric A. Smith, CFP, CLU, ChFC, CRPC, ATP
IRS CE: 2 Hours/Federal Tax Law
NASBA CE: 2 Hours/Taxes
NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: Group-Internet Based
No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.