Income tax planning for high net worth clients presents special challenges. The high net worth client often faces exposure to additional taxes-the alternative minimum tax, the self-employment tax, and the Medicare contribution tax and additional Medicare tax-and often faces the necessity of making estimated tax payments. The course will also explore several planning areas important to the high net worth client. The preferential treatment of long-term capital gains and qualified dividends is very important to these clients. Finally, the ability to utilize the special tax treatment of net unrealized appreciation and the qualified charitable distribution (QCD) is typically unique to the high net worth client.

Author: Craig Kinnunen, MS, CFP®

Craig Kinnunen, MS, CFP®is an associate professor at the College for Financial Planning. Prior to joining the College, Craig enjoyed a long and successful career in personal financial planning and wealth management. Craig’s enthusiasm for financial planning extends beyond the classroom, as he also spends time providing pro bono financial education and individual financial counseling to members of the Colorado National Guard. Craig earned a bachelor of science degree in accounting from Northern Michigan University and followed that up with a master of science degree in finance from the University of Colorado in Denver. You can contact Craig at craig.kinnunen@cffp.edu.

Complexity Level: Intermediate