Cutting Taxes and Conserving Cash in a Troubled Economy: Winning Tax Strategies for Your Clients

During recessionary times, conserving cash is key. Help your clients successfully weather the storm by helping them cut their taxes and conserve cash.

• Understand how triggering investment, real estate, and business losses can save current taxes and maximize future tax flexibility
• Help solvent and bankrupt clients take advantage of beneficial tax provisions
• Get the best tax results from real estate short sales and foreclosures
• Show clients how to gain tax deductions for IRA and 529 plan losses
• Advise clients on how to access retirement account cash without triggering adverse tax consequences
• Explain tax-smart ways to “keep it in the family”
• Update client estate plans to reflect today’s realities
• Arrange tax-smart loans between family members and businesses and their owners
• Recognize why this is the “perfect storm” for Roth IRAs
• Give clients “back to the basics” college financing advice
• Help clients implement a fool-proof wealth building strategy

Prerequisite:  Basic knowledge of individual and business taxation