Appreciated assets can serve as both a cornerstone of wealth and a source of significant tax liability. Navigating the tax implications of these assets can be challenging for clients, often resulting in reluctance to sell, missed opportunities, and/or rushed decisions that overlook more strategic options for managing capital gains.
In this webinar, Tim Steffen, CPA/PFS, CFP®, CPWA®, provides a deep dive into the mechanics of capital gains taxation and presents practical, tax-savvy strategies financial advisors can use to help clients manage these liabilities in alignment with their broader goals. Tim explains advanced techniques such as custom indexing, Qualified Opportunity Zone Funds, exchange funds, and Section 351 exchanges.
During this webinar, advisors will learn how to:
- Explain the tax treatment and ripple effects of realizing capital gains, including how gains interact with other types of income and deductions.
- Analyze various strategies for managing capital gains taxes, such as tax-loss harvesting, custom indexing, and investing in qualified opportunity zone funds.
- Evaluate the advantages, disadvantages, and implementation considerations of utilizing various strategies for managing capital gains taxes.
- Differentiate between the structural requirements, tax treatment, and limitations of exchange funds and 351 exchanges.
- Align capital gains tax management techniques with client objectives, liquidity needs, time horizon, and behavioral tendencies related to tax aversion.
Accessing the webinar:
You can find your custom link by accessing the email confirmations that have been sent to you via email from webinar.host@bigmarker.com. You can also find your individual sign-on link within the downloadable calendar invite for the webinar.
Continuing Education (CE): 1.5 Credits
For attendees who want to receive CE credit for designations managed by the CFP Board, IWI, and American College, we will report your attendance directly to these organizations within 72 hours as long as you enter your certification numbers during registration and attend the live session for at least 75 minutes.
For attendees who want to receive CE credit as an Investment Adviser Representative (IAR), we will report your attendance directly to FINRA within 72 hours as long as you enter your certification numbers during registration and attend the live session for at least 75 minutes. Additionally, Kitces Members must have purchased the IAR Add-on to have their CE reported to FINRA as an IAR.
For attendees who want to receive CE credit as a Certified Public Accountant (CPA), you must attend the live session for at least 75 minutes and complete all polls presented at the live event. A certificate will be provided to you for self-reporting to NASBA.
All attendees who meet the minimum attendance requirement of 75 minutes will also receive a completion certificate that you can use to report CE to other organizations. We don't report for state-level insurance licensing although some states may accept completion certificates if you self-report.
Recordings:
Non-Members: Those who are NOT Kitces.com Members will have access to the recording for 30 days. Though continuing education is available for the live session, the recording is not CE eligible.
Kitces.com Basic & Premier Members: The video presentation and a recording of the live Q&A will be available on the Webinars page in the Members Section. Note: If you were not able to attend the live session for the full 50 minutes, successful completion of a quiz will be required in order to receive CE for viewing the RECORDED VERSION posted to the Members Section.
Tim originally joined Baird in 1999 serving in a variety of planning-oriented roles. He left Baird in 2019 to join the Advisor Education team at PIMCO, before returning to Baird in 2021. Prior to 1999, Tim worked in Arthur Andersen’s Private Client Services group in Milwaukee where he specialized in tax and financial planning. His clients included corporate executives, business owners and families.
Tim earned his bachelor’s degree in Accounting from the University of Illinois in 1991. He is a Certified Public Accountant/Personal Financial Specialist, a CERTIFIED FINANCIAL PLANNER™ professional, a Certified Private Wealth AdvisorSM professional and a member of the American and Wisconsin Institutes of CPAs, Investments & Wealth Institute (IWI) and the Financial Planning Association (FPA).
Commentary from Tim on a wide range of financial planning topics has been featured in national, regional and trade media such as The Wall Street Journal, Bloomberg BusinessWeek, Kiplinger’s, U.S. News & World Report, Morningstar, CNBC.com, and InvestmentNews. In addition, he speaks to numerous client and professional groups about tax and financial planning topics and has taught financial planning classes for IWI and at the University of Wisconsin-Madison.
