C. Dale Boushley, CFP®, EA

C. Dale Boushley, CFP®, EA

Phone: 602-374-7201 or Email Me
Dale has been in the income tax and financial planning business since 1976. He and his wife Sharon own Financial Resource Management, Inc. (FRM) which provides income tax preparation and planning services to over 500 clients. He graduated from the College of Financial Planning in 1988 and earned the Certified Financial Planner® (CFP®) designation at that time. Dale is an Enrolled Agent (EA), which means he can represent his clients before the Internal Revenue Service.
Dale is a registered representative of and offers securities, financial planning and asset management services through WFG Investments, Inc. (WFG), member FINRA/SIPC, holding series 7, 24 and 63 licenses. WFG and its representatives do not provide tax or legal advice. When Dale is presenting tax material he is not doing so as a representative of WFG.

4797 - Sale of Depreciable Assets and Other Recapture Issues

4 CPE
The sale of business assets gets more confusing with each new tax bill. Was that §1231, §1245 or §1250 property and what about §179 and bonus depreciation? Come spend some time with Dale as he helps us sort out the tax consequences of selling depreciable assets.
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59 Exceptions to Rules Regarding Home Ownership and Taxes

4 CPE
This course takes your knowledge beyond the basic "Own and Occupy for Two of the last Five years." We will take four hours to introduce and review the many exceptions associated with §121. Will I still qualify for the gain exclusion if I move into my rental property? Do I have to stay the full two years if my job changes? What about property transferred in a divorce? If your client has an office in the home can they use the §121 exclusion on the whole gain? What about the depreciation allowed in the past? Is the home equity debt still deductible if the client turns his home into a rental property? How do we calculate the interest deduction if the client has excess debt on his residence? If I acquire a rental property in a §1031 exchange and later decide that to move into that house can it qualify for the §121 exclusion? We will discuss recapture of the home-buyer credits, office in the home issues and how we deduct medical improvements. There is a lot to talk about come and get updated on this complex series of topics.
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Business Use of an Automobile for Employees and the Self-Employed

4 CPE
The auto dealers keep telling our clients to call us to confirm that leasing is better than buying. Is it? What questions do I need to ask to give an intelligent answer? Come and explore the many issues that surround this complex decision.
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Client Data Security - An Ethical Issue

2 CPE
As income tax preparers we have the same security obligations as "financial institutions" under the Graham-Leach-Bliley Act. The new Circular 230 also imposes client data security requirements. Do you know what your obligations are under each? Tax professionals store confidential data on paper and electronically; in our offices, on local networks and "in the cloud". Let's discuss what information is considered confidential and how to keep in that way.
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Foreclosure, Cancellation of Debt and Short Sales

4 CPE
There has never been a time when so many foreclosures and short sales have come to our offices. Where are they reported on the tax return? Is cancellation of debt always taxable? If my client qualifies for relief from cancellation of debt income what is my obligation as the tax professional? This topic will fill every bit of a four hour presentation.
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Qualifying Child

2 CPE
"Qualifying Child" just two simple words, but so many definitions. The requirements for a child to qualify as a dependent are not the same as the head-of-household qualifier. And what about the child tax credit, dependent care credit, earned income credit, qualifying widow/er, medical expenses... We can't make it any easier, but it's good to have a review once in a while and go home with all the requirements in one place.
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Retirement Plans for the Self-Employed

2 CPE
SEP, SIMPLE, Solo 401(k), Defined Benefit Plan, IRA or ROTH With so many retirement plans available for the self-employed individual how do you decide which is best? This presentation will explore the major factors to consider and how each of the options interact with the factors.
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Schedule E Rental Real Estate and Vacation Home Rules

4 CPE
In this presentation we discuss page one of schedule E, real estate rental activities. Which rental activities goes on schedule E vs schedule C, the passive rules, basis limitations, vacation home rules can be your friend, and a review of which expenses on the HUD-1 go where and more are all discuss in the information pact topic.
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State Tax Refunds when AMT is Present

1 CPE
With AMT becoming more and more common and with as common as a state income tax refunds are, should you know that the state tax refund might not be reportable when AMT is present, even if the client itemizes their deductions? This course will teach you how to decide if any or just a portion of the state tax refund is reportable in the year received, when AMT is present. (I'll bet your software doesn't do this one right!)
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Tax Aspects of Investing in Bonds

2 CPE
With the stock market going through it's major gyrations more and more of our clients are turning to bonds for their portfolios. Dale will lead us through a discussion covering original issue discount (OID), buying/selling at a premium or a discount and accrued interest. How these affect the client's basis and the interest that is reported change.
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Tax Deferred Exchanges §1031 & §1035

4 CPE
This presentation will review the basics of exchanges of insurance contracts as well as real and personal property. How long can I defer the exchange? What is a "reverse exchange"? What are the new rules for converting a property received in an exchange to your personal residence? All of these and more will be covered in a four hours discussion with Dale Boushley.
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Tax Issues of Divorce

4 CPE
Once the divorce decree is signed by the judge the work is not done... nor is it when we begin. Tax aspects should be considered by the parties before the property settlement is signed. We will discuss alimony, dependents, basis and potential taxable gains; QDROs, dividing IRAs and what if the taxpayer is already taking "substantially equal payments" under sctn 72(t) and the account is being divided?
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