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This title provides the latest techniques for building and conserving wealth through proactive tax-planning and investment strategies. Completely updated for tax law changes, this book will bring you up-to-date on the latest strategies that will keep more money in the hands of clients and make their accountant look like a hero!This book will help:Determine when selling capital assets, business assets, and real estate are to a client's advantageApply like-kind exchange rules under Section 1031Identify ways to advise clients on how to minimize taxes on employer stock options and employer stock held in qualified retirement plan accountsDifferentiate between incentive stock options (ISOs) and nonqualified stock options (NQSOs)Determine ways to help clients obtain maximum tax savings from vacation home and timeshare propertiesDifferentiate between the rules for "regular" vacation homes, timeshares, and co-ownership dealsDetermine appropriate federal income tax advice for clients who are separated, divorcing, or divorcedRecall ways to help middle-class clients identify college financing tax breaksIdentify tax-saving college financing manoeuvres for higher-income clients who are ineligible for the well-known education tax breaksIdentify strategies of husband-wife businesses that will reduce Social Security and Medicare taxesIdentify strategies for how parents can employ their children through their closely held business