Tax Torpedoes

5:00 PM - 6:00 PM
Temecula 2-4

Many taxpayers (and financial planners!) assume that knowing the marginal bracket system is sufficient to determine the outcome of adding or reducing income. But the interplay between different types of income - as well as the phasing in and out of credits and taxes - introduces all sorts of surprising outcomes. Like an underwater weapon that you never see coming, a tax torpedo can blow up a well-intentioned recommendation, resulting in a higher than anticipated tax bill and bad feelings all around. Join us to learn about some of the more common tax torpedoes and how you can see them coming.

Learning Objectives

  1. Conduct a broad overview of the federal tax system
  2. Review an illustration of how various components of the tax code work together, potentially in unforeseen ways
  3. Identify the more common issues that increase or decrease taxes beyond the simple application of marginal tax brackets

This session is sponsored by Holistiplan.