Manage your taxes, optimize your wealth
Thursday, Nov. 8, 2–3 p.m. EST 1 CPE anticipated, taxes; overview
Tax legislation passed in 2010 gave individuals a two-year window that offers additional flexibility in gifting and increases the amount one can shelter from estate taxes from $3.5 million to $5 million. That window will soon close. It is unclear what will happen in 2013. Our personal tax specialists will offer a proactive, flexible approach to help you to better manage your tax planning in this time of uncertainty. They will help you formulate an action plan to identify strategies that can be used to minimize your tax burden for 2012 and beyond. You can learn from our experts what to do in the current year given the threat of new, higher income tax rates scheduled to take effect in 2013.
- At the conclusion of this webinar, participants will be able to:
- Provide an overview of the current tax climate
- Describe how the current capital gains and income tax rates create tax planning opportunities
- Identify opportunities to avoid the impending Medicare “surcharge” for high-income earners
- Plan to take advantage of “phased out” limitations on itemized deductions
- Consider the impact of scheduled decreases in the estate and gift tax exemptions while assessing their current estate plans
Presenters | Katie Hamilton and Amy Tietz, personal tax specialists on the wealth management team.
Unclaimed property: What you don’t know may cost you
Tuesday, Nov. 13, 2–3 p.m. EST 1 CPE credit anticipated, taxes, overview
Unclaimed property is a looming liability that many middle-market privately, closely, and publicly held businesses with multistate operations have not planned for or even considered.
Enforcement of unclaimed property laws has evolved to include not only large corporations, but also small to midsize businesses. Entities that were previously off the auditing radar are now facing fines, penalties, and interest for non-compliance. This is a direct result of states’ rapidly changing escheatment laws and their use of third-party, contingent-fee-based auditors in 40 states. This session will provide a brief background on the history and purpose of these laws, proper filing requirements, recent state enforcement, and best practices.
Webinar topics include the history of unclaimed property; a definition of unclaimed property; an explanation of priority rules and dormancy periods; and an outline of administrative issues, including unlimited look back and third-party auditors as well as a legislative and case update.
At the conclusion of this session, participants will know:
- The basics of unclaimed property compliance
- Which types of property must be reported
- Where and when unclaimed property should be reported and remitted
- How to make sense of the dormancy periods and when they should be applied
Presenters | Jason Parish, state and local tax expert of Plante Moran, and Jennifer Zimmerman of the Chicago law firm, Horwood Marcus & Berk.
Tax strategies for 2012 and beyond: a multiyear approach
Tuesday, Nov. 20, 2–3 p.m. EST 1 CPE credit anticipated, taxes; overview
If you are wondering whether it is better to pay tax now at lower rates or defer income to 2013 and risk paying tax at higher rates, we will offer you some answers. We’ll also discuss ways you can still have a meaningful impact on your 2012 tax liability.
Looking further ahead, we’ll help you explore steps you can take to position yourself and your business to optimize tax savings in 2013 and beyond. We also will touch on how the recent election results might impact future tax policies.
At the conclusion of this session, participants will be able to:
- Recognize the scheduled changes in tax law from 2012 to 2013
- Analyze their 2012 and 2013 tax exposures and strategies that can be used to optimize the allocation of their tax liabilities between 2012 and 2013
- Position themselves to manage their ongoing tax position
Presenters | Kurt Piwko and James Minutolo, members of Plante Moran’s tax team.