Mastering the Art of Tax Planning

Tax planning is fire prevention. Tax preparation is arson investigation. Tax professionals need to be more than “historians" of the past: they must be the “planners and facilitators" of the future. Instructor Stuart Sobel shares his 48 years of experience in this unique class that will provide practical ways to assist your clients as they navigate through the bottomless abyss called the American tax system.

Course topics:

  • Translating the financial or business plans of the client into tangible tax savings for the future
  • Anticipating the impact of the changing tax climate in the United States
  • Choosing the best tax “choices" for your client
    • Retirement plans
    • Forms of business organization
    • Hobby versus business
    • Charitable giving
    • Opportunities to convert realized income into non-recognized income
    • Understanding the differences between a tax shelter and an abusive tax shelter
    • Office in home, auto expenses, travel, and entertainment
    • Minimizing recordkeeping requirements without giving away tax savings
    • Teaching a client how to properly treat an aggressive tax position
    • Timing for tax savings
    • And more
  • Analyzing IRS data to compare your clients to other clients


Learning objectives:

  • Obtain improved knowledge of your client's financial background and plans for the future
  • Analyze the impact of future tax law changes on specific clients
  • Secure skills to guide clients toward improving their future financial status
  • Acquire in-depth knowledge of the differences between realized and recognized income
  • Obtain skills of analyzing completed tax returns for recommendations for future planning
  • Discern the differences between legitimate and abusive tax shelters
  • Reduce future scrutiny by the IRS

NASBA CE: 2 Hours/Taxes

Presented by Stuart Sobel

NSA ConnectED Webinar Series
Program Level: Basic
Prerequisites: None
Advance Preparation: None
Delivery Method: QAS Self-Study

No refunds or exchanges for cancellations. For more information regarding refund, complaint and/or program cancellation policies, please contact NSA toll-free at 800-966-6679.

NSA is approved by NASBA, the IRS, ACAT, and CTEC as a provider of continuing professional education.

The National Society of Accountants 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.learningmarket.org.

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NSA has been approved by the California Tax Education Council to offer the above courses to go towards the annual "continuing education" requirement imposed by the state of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, by phone at (877) 850-2832, or on the Internet at www.ctec.com.

Order 4 or more webinars in one order save 20%! Click "Add More Webinars" and when you have at least 4 webinars in your cart, 20% will be taken off at the final step of checkout when you click "Next".

Stuart Sobel

Stuart “Stu” Sobel

Stuart “Stu” Sobel combines an in-depth knowledge of taxation and nonprofits with an ability to communicate clearly. A dynamic speaker, Stu seeks to help people understand the very complex world of taxation in every day terms.

And he's just the person to do it — Stu has been in the industry for 48 years. He worked in examination and high level positions at the IRS for 30 years. Following that, Stu spent nine years as the producer and host of his own nationally syndicated radio program called Wise Choices: Taxes and Charity Today. He also ran his own tax and nonprofit consulting firm for 12 years (Stuart Sobel Consulting, Inc.). He has helped create over 2,500 nonprofit organizations worldwide. His expertise on the topic of nonprofit taxation has earned him the title “The Guru of Giving.”

Stu started teaching when he was at the IRS in 1969. After retiring in 1999, he expanded his teaching role while also running Stuart Sobel Consulting. Since retiring from his consulting firm, he's focused on teaching full time. He explains real taxation situations instead of abstract ideas. He has taught at Indiana University and also provided continuing professional education to more than 40,000 CPAs, Attorneys, Enrolled Agents, and nonprofit staff members/directors.

He's written four books on taxation and nonprofit issues, which have been licensed to numerous CPE and CLE providers and used to train more than 25,000 CPAs and tax professionals. Tax Media Network has an extensive library of webcasts that are broadcast worldwide in conjunction with numerous CPE providers.

Stu's areas of expertise include tax planning, business creation, tax-exempt filing, strategic planning, charitable giving, employee benefits, and tax controversy. He has worked with thousands of diverse businesses and nonprofit organizations including public charities and trade associations worldwide.

Stu has been retained by CPA firms and law firms to represent them in their own IRS tax controversy issues.