SP-1 Lower Your Taxes and Increase Income with Smart Planning Before a Practice Sale
CE Hours: 1.5
Description: Most endodontists' financial planners are not aware of charitable giving vehicles that can have a significant impact on tax obligations in the wake of a practice sale or entrance into a DSO partnership. As discovered in the session presented at AAE23, proactive planning incorporating a variety of trusts or annuity instruments can slash a practice owner's federal tax obligation. There is also a very limited window of opportunity to employ other vehicles within the tax year the deal is signed. Either way, endodontists can cut taxes, increase income, and preserve assets for heirs and the charities of their choice by being aware of all the options available to them besides writing a big check to the IRS.
Learning Objectives:
- Describe certain tax liabilities before and after retirement.
- Comprehend financial and philanthropic vehicles applicable to individual career and life stages.
- Describe how to apply these tools to your individual situation to reduce tax liability, pass on wealth, and increase retirement income.
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Johnne Syverson, CFP, AEP, CAP
With over 40 years’ experience in helping individuals integrate philanthropy into their traditional financial and estate planning process, Johnne now serves as a valuable resource to nonprofits and professional advisors to help donors do more for themselves, their families, and their communities with the use of various gift planning instruments availabale through his affiliation with Charitable Solutions, LLC, and its affiliate, the National Gift Annuity Foundation. in the area of charitable tax and estate planning, a strategy that enables individuals to increase their income, reduce taxes, and preserve their estate for their heirs and the charities of their choice. He especially enjoys helping nonprofit organizations to help their donors do more for themselves, their families and their communities through the use of various Gift Planning instruments on an outsourced basis through his affiliation with the National Gift Annuity Foundation.
As a Certified Financial Planner™ (CFP®) Practitioner, Johnne Syverson is one of only 1,800 practitioners in the United States who is an Accredited Estate Planner (AEP®). He was one of the first in the nation to be awarded the Chartered Advisor in Philanthropy® (CAP®) designation.
Johnne is a member of the National Association of Charitable Gift Planners (CGP), the American Council on Gift Annuities (ACGA), past president of the Mid-Iowa Planned Giving Council, and past president of the International Association of Advisors in Philanthropy (AiP). Johnne holds a Master of Science degree in Financial Services (MSFS) from the American College in Bryn Mawr, PA.
Johnne and his wife Linda reside in West Des Moines, IA. They have three grown children and nine grandchildren whom they enjoy very much.
Disclosure(s): No financial relationships to disclose
Kirk A. Coury D.D.S., M.S.
Dr. Kirk A. Coury is a graduate of Baylor College of Dentistry, and attended the University of Texas, Houston where he received his Certificate in Endodontics and Master’s Degree in Dentistry in 1990. Dr. Coury is an active member of the American Association of Endodontists, the Foundation for Endodontics, is a Diplomate of the American Board of Endodontics and is a Fellow of the American and International Colleges of Dentists, and is a founding partner in U.S. Endo Partners. Dr. Coury maintains a full-time practice in Amarillo, Texas since 1990. When not saving teeth and making patients’ lives better with endodontic treatment, he has a passion for chasing wild trout, cooking, and exploring fine wine, bourbon and tequila.
Disclosure(s): Sonendo Inc.: 0 (Ongoing), Speaker/Honoraria (includes speakers bureau, symposia, and expert witness) (Ongoing)