What You'll Learn
Clients with wealth typically have good portions of that invested in real estate and/or small businesses. If that is your client’s situation, please join CPA Eric Wallace to learn “Tax Method Change Opportunities” for those clients. Two methods are applicable to taxpayers who…
Clients with wealth typically have good portions of that invested in real estate and/or small businesses. If that is your client’s situation, please join CPA Eric Wallace to learn “Tax Method Change Opportunities” for those clients. Two methods are applicable to taxpayers who own and use real estate in their business or hold real estate as investment assets. Those two methods are: (1) Cost segregation and (2) Tangible Property Regulations The third one is tax method changes applicable to large service providers (annual revenues in $35MM+0, such as medical, transportation, construction, professional services, etc.
There are 4 reasons why you should learn about Tax Method Changes:
1. Value Creation
o Whether you sell insurance or are in the investment business – you all seek value creation
o You are only as relevant as the value you can create
o What is more appealing or attractive to HNW clients than current tax savings?
2. Differentiation
o In the eyes of your clients are you the same as other investment advisors
o This can open doors that otherwise would never be opened
3. Putting Money in your Client’s Pocket
o Creating a process for them to free up their cash, instead of paying it in taxes
o Tax method changes will create large tax deductions that can be used to grow a client’s wealth.
4. World Class Expertise
o There are three different tax method change opportunities that you will be introduced to
o All are fully recognized as 100% litigate by the IRS
o Eric Wallace has authored of tax research and explanations for the world’s largest tax publisher Wolters Kluwer
o Eric and his partner have successfully submitted and received over a hundred IRS Private Letter Rulings
*CE/CPE Eligible: 1 CE credit is available to subscribers with these designations: CFP, CLU, ChFC and RICP. CPA subscribers will earn 1 CPE credit.
Field of Study: Specialized Knowledge
Prerequisites: There are no prerequisites for this session.
Advanced Preparation: None
Program Level: Basic
Delivery Method: Group Internet Based
NASBA Approved
Financial Experts Network (Sponsor Id#: 145173) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.