This module covers tax planning concepts and strategies including income taxes, taxation of investments, and other taxes such as the kiddie tax and Medicare contribution tax. Taxation of investment products includes taxation of stocks, fixed income, mutual funds, life insurance and annuities, real estate limited partnerships and investment trusts, and master limited partnerships (MLPs).

8-1 Define terms and fundamental concepts related to income taxation.
8-2 Identify the tax planning strategy used in a given situation.
8-3 Determine the effect of the average or marginal tax rate.
8-4 Explain the tax treatment or consequence from the purchase, holding, or sale of various forms of investments and life insurance products. Explain the concept of capital gain/loss and how each is treated for tax purposes.
8-5 Explain the tax treatment or consequence from the purchase, holding, or sale of various forms of investments and life insurance products.
8-6 Explain tax-motivated strategies involving various investments.

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: Advanced