Tax cfp exam - Study guides, Class notes & Summaries

TAX CFP EXAM WITH CORRECT QUESTIONS AND ANSWERS...

BUSI 352 Final Exam | Complete Solutions (Verified) A good financial planning report must include an analysis of all the following except: A. where you are now B. where you want to be C. Why you failed previously D. How to reach your goals Usual financial planning goals include the following except: A. retirement funding B. Current lifestyle C. Career planning D. Estate planning A client's formal Financial planning report that summarizes all of the following except: A. strategy - how the c...

CFP Exam 2024 | 665 QUESTIONS| WITH COMPLETE SOLUTIONS GRADED A+. CFP Standards of Conduct Sections (6) Correct Answer: A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct Correct Answer: Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Dis...

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CFP Exam 2024 | 665 QUESTIONS| WITH COMPLETE SOLUTIONS GRADED A+. CFP Standards of Conduct Sections (6) Correct Answer: A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct Correct Answer: Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Dis...

CFP Exam Unit 1 - July 2021 Questions & Answers Steps to Financial Planning - EGADCIM - ANSWERS1. Establishing and defining the client planner relationship 2. Gathering information necessary to fulfill the engagement 3. Analyzing and evaluating the client's current financial status 4. Developing the recommendations 5. Communicating the recommendations 6. Implementing the recommendations 7. Monitoring the recommendations Eight Principal Knowledge Categories - ANSWERS1. Professional...

CFP Exam 2024 | 665 QUESTIONS| WITH COMPLETE SOLUTIONS GRADED A+. CFP Standards of Conduct Sections (6) Correct Answer: A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct Correct Answer: Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Dis...

CFP Prep Exam Questions & Answers 2024/2025 What are the four key principles of motivational interviewing? - ANSWERS1. Partnership 2. Evocation 3. Acceptance 4. Compassion What items will "Always Bar" from CFP Certification? - ANSWERS1. Felony Conviction for Theft, Embezzlement, or other Financially based Crimes 2. Felony Conviction for Tax Fraud or Other Tax-Related Crimes 3. Revocation of a financial professional license, unless due to administrative issue. 4. Felony Conviction...

Sean's CFP Exam Questions & Answers 2024/2025 List the four assets that don't fall into the category of "capital assets" or "ordinary income" assets: - ANSWERS1) Accounts Receivable 2) Copyrights and creative compositions in the hands of the author 3) Inventory 4) Depreciable Real Estate and Personal Property (1231) Memory clue: ACID List the two types of property that receive 1231 treatment: - ANSWERS1) Personal property (personalty) used in a trade or business (1245) and h...

Dalton CFP Exam Review With 100% Correct And Verified Answers Peril - Correct Answer-Proximate cause of a loss Hazard - Correct Answer-Condition that creates or increases the likelihood of a loss Superannuation - Correct Answer-Risk of outliving retirement funds Legal elements of a contract - Correct Answer-COALL Competent parties; Offer; Acceptance; Legal Consideration; Lawful purpose 6 Steps to Risk Mgmnt - Correct Answer-DIE DIE Determine obj; Identify risks; Evaluate probability...