Tax Foundations: Individual, Estate, and Trust - LumiQ Podcast Learning Path

Overview

Master the basics of individual, estate, and trust taxation with our learning path, tailored to empower newcomers with foundational knowledge and practical insights.

Episodes in this learning path include:
- Popular Estate Planning Techniques
- Help! I Owe the IRS Money!
- Beyond 1099s: The Realities of International Tax Transparency
- Taxation for US Expats
- Retirement Planning for U.S. High Net Worth Individuals

After purchasing this product you will receive an email from LumiQ with instructions for accessing the learning path on their web, iOS, or Android applications.

Highlights

- Identify the purpose and benefits of using family limited partnerships or LLCs in estate planning
- Describe best practices for preparing Form 1040s for clients
- Describe the role of an enrolled agent and working with the IRS
- Explain the purpose behind 1099 reporting from both the IRS and U.S. persons’ perspective
- Recognize the requirements for using the Foreign Earned Income Exclusion
- Contrast the features and advantages of taxable accounts, tax deferred accounts, tax exempt accounts, and the HSA

Prerequisites

Participants should have a foundational understanding of or prior experience with U.S. individual income taxation, qualified retirement plans (IRAs/401(k)s), and basic investment products.

Designed For

Tax professionals wanting an introduction to individual and/or estate planning tax planning basics.

Objectives

- Identify the purpose and benefits of using family limited partnerships or LLCs in estate planning
- Describe the role of an enrolled agent and working with the IRS
- Explain the purpose behind 1099 reporting from both the IRS and U.S. persons' perspective
- Recognize the requirements for using the Foreign Earned Income Exclusion
- Contrast the features and advantages of taxable accounts, tax deferred accounts, tax exempt accounts, and the HSA

Preparation

None