CAPA NoVA Workshop: Financial Planning Strategy Under Trump

---

Tuesday 12/10/2024 8:30 P.M. ET

Zoom ID: https://zoom.us/j/8782712588; Password: 219219

1.   W-2 job benefit enrollment period selection

2.   Rental expenses 

3.   Milage tracking

4.   Receipt scanning

5.   1099 NEC (repairs, service provider)

6.   Pay young child from your rental / LLC

7.   Minors Roth IRA for child

8.   Backdoor Roth IRA

9.   Solo 401(K) – Roth component

10.   Which tax savings account to invest crypto?

Stocks

Rentals

Primary residence

Yinan, CPA

Mike CPA

 Meeting ID: 9049835892
Passcode: CAPA
Link: https://zoom.us/j/9049835892?pwd=eWdJYXU1Y3JlQ2FtUUtMSjNZY3hIQT09
 

1. Maryland state ten tax benefits for low income retirees  

2. Should low income family still file tax returns? 

3. Family foundation and low income retirees   

4. Roth IRA conversion strategy to zero out RMD 

5. Low income saver’s credit 

6. Five-year golden window 60-65 

7. Ten situations to draw social security benefits  

8. Sell house in China and cash disbursement to zero 

9. Ten gifting strategies to family members 

10. Senior 529 

Bonus: Gift away house and lease back 

• 马里兰州为低收入退休人员提供的十项税收优惠
• 低收入家庭是否仍然需要报税？
• 家族基金会与低收入退休人员
• 通过Roth IRA转换策略来消除最低分配要求（RMD）
• 低收入储蓄者税收抵免
• 60至65岁的黄金五年期
• 领取社会保障福利的十种情况
• 在中国卖房并将现金分发至零
• 向家庭成员赠送财产的十种策略
• 老年版529计划 
• 额外: 把房子赠予他人并租回

Tuesday 10/5/2024 8:30 P.M. ET

Zoom ID: https://zoom.us/j/8782712588; Password: 219219

Tuesday 09/10/2024 8:30 pm ET

https://zoom.us/j/8782712588; Password: 219219

1 Getting married

2 Having a baby

3 Buy a house

4 Get a new job 

5 Be laid off

6 Retirement 

7 Funeral and farewell

8 Sell a house

9 Buy a Tesla 

10 Divorcing or divorced

CAPA BC, CAPA MC, CAPA HC, and CAPA NOVA

https://zoom.us/j/8782712588; Password: 219219

Tuesday, August 6, 2024 8:30 p.m. Eastern

https://zoom.us/j/8782712588; Password: 219219

Tuesday, August 6, 2024 8:30 p.m. Eastern

  1. Why the $18K annual gifting exclusion is a powerful tool for us to raise a financially responsible Gen Z?

2. How to use the $18K annual gift to invest into Coverdell Education Savings Account, 529, UTMA, cash value whole life insurance, campus rental property, and many more?

3. How to use the $18K annual gift to help our children fully fund their minor Roth IRA, workplace Roth 401(K), and even perform a Roth conversion?

  A multi-step strategy to dismantle the 37% federal estate taxation bomb when we graduate from this planet. 

Teach in English.

Meeting ID: 9049835892
Passcode: CAPA 

1. What is productive vs. reductive student loan?

2. American Opportunity Tax Credit: Can my child get it if I am phased out by too high an income?

3. Student Loan Interest deduction for a 24-year old young professional

4. SECURE 2.0 and student loan repayment

5. Coverdell Education Savings Account (ESA): what is the workaround if parents’ income are too high?

6. Qualified Tuition Program (QTP, or state 529 plan): Ten creative uses

7. Put your child on your S corp (or single member LLC) payroll

8. Employer-Provided Educational Assistance ($5,250 / year)

9. Business Deduction for Work-Related Education

10. FAFSA/CSS bargaining with the school 

Ten tax provisions we should know

1. Two year rule; 2. Ownership test; 3. Residence test; 4. Adjust base formula and more

Sandy Botkin and Amanda Han

 https://zoom.us/j/8782712588; Password: 219219 

https://zoom.us/j/8782712588; Password: 219219

 Keynote speaker: Mike Nie, CPA and Mr. Lian (Cyber security expert with 20+ years of experience in bank, government and consulting firm) 

1. Primary residence

2. Rental properties

3. Cash deposits

4. Brokerage accounts

5. Small business (LLC)

6. Retirement account

7. Annuity and Life insurance

8. 529 plan

9. Health savings account

10. Cyber security (bank account, email account, credit card and more)

We offer tax education and training for individuals and businesses who want to learn more about tax laws and regulations. Our courses cover a wide range of topics and are taught by experienced tax professionals.

5/29/2024 Wednesday 8pm Eastern. Zoom format

 1. IRS Pub 970 deep dive with ten topics

2. 529 simulations and situations: 30+ cases

3. Q&A with CPA

Register with the QR code in the flyer

Ten tax strategies in family foundation

Zoom class (Thursday in Chinese and Friday in English)

Big data; Big idea

Hosted by CAPA NoVA

8pm Easter. Hosted by VSA. Register for the Zoom Link

1. $5,000 dependent care flexible   spending account

2. Use traditional IRA ($6,500x2) to   further reduce tax by 4/15/2024

3. Backdoor Roth IRA ($6,500 x 2) by   4/15/2024

4. EV and charge station tax credit

5. Schedule I Itemize deduction – how   to use wasted property tax amount?

6. Do not forget to reimburse miles for   FSA and deduct miles for charity work

7. Schedule C / Schedule E – miles,   meals and child

8. Schedule D – no more capital loss   carryover please 

9. Start up cost safe harbor, de minims   safe harbor, and Augusta safe harbor 

10. Learn lessons from 2023 cycle and   be smarter tax year

I offer tax return diagnostics for a flat fee of $250 / hour.  You will achieve 2x or more tax savings for 2023 and beyond 

- Family with high income or net worth

- Family with low income

- Divorced family

- Other financial tax planning tips

Ten filing strategies

Six unwise funding options

Divorced, divorcing parents 

Student loan - PLUS

2024 training series