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 Issues4 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.Table of Contents
Client Data Security - An Ethical Issue2 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.Table of Contents
Foreclosure, Cancellation of Debt and Short Sales4 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.Table of Contents
It's Just My House... 59 Exceptions to Rules Regarding Home Ownership and Taxes4 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.Table of Contents
Qualifying Child2 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.Table of Contents
Retirement Plans for the Self-Employed2 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.Table of Contents
Schedule E Rental Real Estate and Vacation Home Rules4 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.Table of Contents
Tax Issues of Divorce4 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?Table of Contents