Cpwa tax planning - Study guides, Class notes & Summaries

CPWA Tax Planning Exam Questions with All Correct Answers List interest expense classifications and applicable limitations including the treatment of mortgage interest - Answer- Mortgage interest is a below the line deduction when itemizing deductions Mortgage interest attributable to the first $750K of mortgage debt Primary and secondary home Mortgages executed AFTER 12/15/17 1M for mortgages executed BEFORE 12/15/17 Not deductible for AMT List interest expense classifications and a...

CPWA Exam Questions With Revised Correct Detailed Answers |ALREADY GRADED A+ PASS >> BRAND NEW VERSION 1) Generational wealth - ANSWER Research suggests that • 70% of wealth is lost by the 2nd generation • 90% of wealth is lost by the end of the 3rd generation • <10% survives and transfers to 4th generation 2) Failure in Family Wealth Transfer - ANSWER 60% due to breakdown in communication and trust within the family unit 25% due to heirs not being ...

CPWA ALL SECTIONS EXAM QUESTIONS AND REVISED ANSWERS UPDATE (ALREADY GRADED A+) 1. Planning implications of stock option award programs - Answer- - Conversion of income = converting it from Ordinary to capital gains tax rates- Ensure you get qualifying distributions for ISOs (unless stock price is decreasing)- unregistereed shares under 144 must be held for a minimum of 12 monts (6 months for registerred shares)- NQSOs: a. To avoid section 409A, the exercise price must not be less than the v...