Surgent's Top Individual Tax Planning Strategies

Course Details


Tuesday, October 3, 2023

11:00am – 1:00pm (Registration: 3:01pm)



Field of Study


CPE Credit

2 hours CPE credit

Level of Knowledge



Surgent McCoy CPE, LLC


A basic understanding of the tax rules relating to individual income tax


Apart from the Secure Act 2.0, it seems more and more unlikely that major tax changes will be enacted in 2022. President Biden's fiscal year 2023 budget does, however, contain proposed tax changes that, if enacted, would produce radical changes to the current tax law, but passage of this budget in its proposed form is quite problematic. If we do not see significant tax law changes in 2022, then it's likely that status quo will be maintained through 2022; although, the possibility exists that some or all of the President's budgetary tax changes will be enacted later in time. At a minimum it is important for tax practitioners to be aware of proposed tax law changes and planning strategies related to them so as to intelligently advise their clients in the event that some of these radical changes do get enacted.


  • Applying the wash sale rules in light of losses realized and recognized on the sale of stock or securities
  • Accelerate income into 2022 in light of significant proposed tax rate increases for 2023 and later years
  • Evaluate existing estate plans in anticipation of a potential reduction in the transfer tax exemption
  • Employ intentionally defective grantor trusts before the proposed estate tax changes are scheduled to take effect
  • High income taxpayers should consider selling appreciated capital assets in 2022 to avoid potential substantial long-term capital gain rate increases
  • Cash out of carried interest positions before such positions are taxed as ordinary income
  • Take advantage of Section 1031 exchange opportunities in 2022
  • Maximize contributions to IRAs and qualified retirement plans
  • Consider making a Roth IRA conversion in 2022
  • Take advantage of like-kind exchanges before the Section 1031 rules change


  • Advise individual clients on implementing tax planning strategies in 2022

Designed For

Tax practitioners who anticipate advising individual clients regarding tax planning opportunities for 2022

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