In T.D. 9884, the IRS finalized proposed regulations issued in November 2018 (REG-106706-18), amending Regs. Sec. 20.2010-1 to conform with the temporary increase in the basic exclusion amount for estate and gift tax enacted by the legislation known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97. For gifts made and estates of decedents […]
Use of standard mileage rate, other rules are updated for TCJA
The IRS issued guidance on Thursday updating prior standard mileage rules to reflect provisions of the law known as the Tax Cuts and Jobs Act (TCJA), P.L 115-97 (Rev. Proc. 2019-46). The TCJA suspended miscellaneous itemized deductions under Sec. 67 and deductions for moving expenses under 217(a) (except for members of the armed forces on […]
Podcast: Roth conversions and the proposed SECURE Act
Podomatic | iTunes In this episode, Bob Keebler, CPA/PFS discusses the SECURE Act and retirement planning strategies, including Roth conversions. He answers the questions: What are the relevant proposed provisions? Which clients would be impacted? What planning strategies and tactics will be effective? What is the advantage of Roth conversions under the proposed SECURE Act? […]
Financial Planning and Tax Advisory Podcast Series
Step 1: Why should I offer tax & financial planning advisory services?4/19/19 Podomatic | iTunes CPAs and financial planning have been around for over a century. Not because we’ve stayed the same, but because we evolve and adapt to finding new ways to better serve clients. You are forward-thinking and relationship-oriented professionals. These are […]
The Retiree’s Cost of Care Barometer
The Retiree’s Cost of Care Barometer (version 3.0) is a comprehensive planning tool designed to help you measure retiree health care costs and help deliver funding solutions and planning advice tailored to your clients’ unique needs. Designed by James A. Shambo, CPA (Retired), this software will help you unveil the mystery of health care costs. Key features of […]