Shows
AICPA Personal Financial Planning (PFP)What to beware of with QTIP trusts {PFP Section}Qualified terminable interest property (QTIP) trusts were created so that spouses could receive the benefit of the marital deduction while also setting aside resources for a surviving spouse and retaining control over what happens to the funds when the surviving spouse passes away. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, and Paul Hood, JD, LLM, discuss the nuances of QTIPs, including: The confusion is caused by the separate Internal Revenue Code provisions on the estate and gift side. On the estate side, the rules are lax. And, on the gift side, they are...2024-02-2315 minAICPA Personal Financial Planning (PFP)What to beware of with QTIP trusts {PFP Section}Qualified terminable interest property (QTIP) trusts were created so that spouses could receive the benefit of the marital deduction while also setting aside resources for a surviving spouse and retaining control over what happens to the funds when the surviving spouse passes away. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, and Paul Hood, JD, LLM, discuss the nuances of QTIPs, including: The confusion is caused by the separate Internal Revenue Code provisions on the estate and gift side. On the estate side, the rules are lax. And, on the gift side, they are...2024-02-2315 minAICPA Personal Financial Planning (PFP)How to earn interest rate equivalents and pay less in tax {PFP Section} Investors have regained interest in investing in bonds in this higher interest rate environment. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Mark Fichtenbaum, JD, LLM, to guide CPA financial planners on how to give rise to interest like income while paying long term capital gain rates. They discuss: · How to create the economic equivalent of interest income using option strategies · The after-tax benefits of using option strategies versus investing in assets that create ordinary interest income · How to structure the option transaction to create a higher after-tax return in a sa...2023-10-0619 minAICPA Personal Financial Planning (PFP)How to earn interest rate equivalents and pay less in tax {PFP Section} Investors have regained interest in investing in bonds in this higher interest rate environment. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Mark Fichtenbaum, JD, LLM, to guide CPA financial planners on how to give rise to interest like income while paying long term capital gain rates. They discuss: · How to create the economic equivalent of interest income using option strategies · The after-tax benefits of using option strategies versus investing in assets that create ordinary interest income · How to structure the option transaction to create a higher after-tax return in a sa...2023-10-0619 minAICPA Personal Financial Planning (PFP)How the recent CA anti ING trust legislation impacts planning {PFP Section}CA recently passed legislation disallowing ING trusts by treating them as grantor trusts for state purposes retroactive to January 1, 2023. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Steve Oshins, JD, LLM, to guide CPA financial planners on how to rectify this situation. They discuss: What are ING trusts and why are they used in planning for clients? What does the CA legislation allow and not allow going forward? How to pivot to a different technique that still allows for impactful results? Planning opportunities that may be being missed in NY where INGs...2023-09-0814 minAICPA Personal Financial Planning (PFP)How the recent CA anti ING trust legislation impacts planning {PFP Section}CA recently passed legislation disallowing ING trusts by treating them as grantor trusts for state purposes retroactive to January 1, 2023. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews expert Steve Oshins, JD, LLM, to guide CPA financial planners on how to rectify this situation. They discuss: What are ING trusts and why are they used in planning for clients? What does the CA legislation allow and not allow going forward? How to pivot to a different technique that still allows for impactful results? Planning opportunities that may be being missed in NY where INGs...2023-09-0814 minAICPA Personal Financial Planning (PFP)Traps to look out for when IRAs are payable to trusts {PFP Section}With the SECURE Act’s 10-year payout rule, it becomes more important to understand how income flows from IRA to trust to beneficiary and the surprising consequences that may arise. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews Jere Doyle, JD, LLM. Jere responds to these questions: From a fiduciary standpoint, what happens when an IRA is payable to a trust? What unintended results can happen when a QTIP or conduit QTIP is in place? Why is flowcharting and spreadsheeting how the estate plan will pay out so crucial to planning? How can se...2022-05-0418 minAICPA Personal Financial Planning (PFP)Traps to look out for when IRAs are payable to trusts {PFP Section}With the SECURE Act’s 10-year payout rule, it becomes more important to understand how income flows from IRA to trust to beneficiary and the surprising consequences that may arise. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, interviews Jere Doyle, JD, LLM. Jere responds to these questions: From a fiduciary standpoint, what happens when an IRA is payable to a trust? What unintended results can happen when a QTIP or conduit QTIP is in place? Why is flowcharting and spreadsheeting how the estate plan will pay out so crucial to planning? How can se...2022-05-0418 minAICPA Personal Financial Planning (PFP)The case for making portability elections {PFP Section}If you have had clients pass away recently, you will want to talk with their surviving spouse about the option to file to receive the benefits of portability, even if the decedent doesn’t have a taxable estate. Tune in to this episode of the PFP Section podcast to hear expert Steve Siegel, JD, LLM, discuss: What portability is, how it works, and how to make the election How you can fix a missed portability election going back to January 1, 2011 The nuances of GST and state estate taxes Why it is important to make this election to create fl...2022-02-1128 minAICPA Personal Financial Planning (PFP)The case for making portability elections {PFP Section}If you have had clients pass away recently, you will want to talk with their surviving spouse about the option to file to receive the benefits of portability, even if the decedent doesn’t have a taxable estate. Tune in to this episode of the PFP Section podcast to hear expert Steve Siegel, JD, LLM, discuss: What portability is, how it works, and how to make the election How you can fix a missed portability election going back to January 1, 2011 The nuances of GST and state estate taxes Why it is important to make this election to create fl...2022-02-1128 min
AICPA Personal Financial Planning (PFP)What Biden’s capital gains proposal means for your clients {PFP Section}Guest: Paul Lee, J.D., LLM and Bob Keebler, CPA/PFS With Senate election results unknown until January 5th, the likelihood of Biden’s tax proposals gaining traction will be uncertain until early next year. In this episode of the PFP Section podcast, Paul Lee, J.D., LLM and Bob Keebler, CPA/PFS answer the following questions: What is Biden’s capital gains proposal and who will it impact? If the tax law changes, when could it take effect? Should you encourage clients to accelerate gains into 2020? What planning strategies will work best if the proposal beco...2020-11-1318 minAICPA Personal Financial Planning (PFP)What Biden’s capital gains proposal means for your clients {PFP Section}Guest: Paul Lee, J.D., LLM and Bob Keebler, CPA/PFS With Senate election results unknown until January 5th, the likelihood of Biden’s tax proposals gaining traction will be uncertain until early next year. In this episode of the PFP Section podcast, Paul Lee, J.D., LLM and Bob Keebler, CPA/PFS answer the following questions: What is Biden’s capital gains proposal and who will it impact? If the tax law changes, when could it take effect? Should you encourage clients to accelerate gains into 2020? What planning strategies will work best if the proposal beco...2020-11-1318 min
AICPA Personal Financial Planning (PFP)What Biden’s capital gains proposal means for your clients {PFP Section}Guest: Paul Lee, J.D., LLM and Bob Keebler, CPA/PFS
With Senate election results unknown until January 5th, the likelihood of Biden’s tax proposals gaining traction will be uncertain until early next year. In this episode of the PFP Section podcast, Paul Lee, J.D., LLM and Bob Keebler, CPA/PFS answer the following questions:
What is Biden’s capital gains proposal and who will it impact?
If the tax law changes, when could it take effect?
Should you encourage clients to accelerate gains into 2020?
What planning strategies will work best...2020-11-1300 min
AICPA Personal Financial Planning (PFP)Bond Tax Planning in Today’s Environment {PFP Section}Guests: Bob Keebler, CPA/PFS and Mark Fichtenbaum, CPA, JD, LLM In this episode, Bob Keebler, CPA/PFS, interviews Mark Fichtenbaum, CPA, JD, LLM, one of the foremost experts in the country on the taxation of securities, about bond tax planning strategies to consider with your relevant clients during a volatile market with low interest rates: What are the tax planning opportunities when purchasing bonds that are trading at a premium? What are the planning opportunities if you already own a premium bond? How can you effectively and efficiently harvest losses on securities to offset capital g...2020-05-0120 minAICPA Personal Financial Planning (PFP)Bond Tax Planning in Today’s Environment {PFP Section}Guests: Bob Keebler, CPA/PFS and Mark Fichtenbaum, CPA, JD, LLM In this episode, Bob Keebler, CPA/PFS, interviews Mark Fichtenbaum, CPA, JD, LLM, one of the foremost experts in the country on the taxation of securities, about bond tax planning strategies to consider with your relevant clients during a volatile market with low interest rates: What are the tax planning opportunities when purchasing bonds that are trading at a premium? What are the planning opportunities if you already own a premium bond? How can you effectively and efficiently harvest losses on securities to offset capital g...2020-05-0120 min
AICPA Personal Financial Planning (PFP)A cure for the SECURE Act: using CRTs {PFP Section}Guest: Bob Keebler, CPA/PFS & David Cahoone, JD, LLM Category: Technical In this episode, Bob Keebler, CPA/PFS discusses the planning strategies related to the proposed SECURE Act using charitable remainder trusts (CRTs) as beneficiaries as IRAs to simulate a stretch IRA. He answers the questions: When the SECURE Act becomes law, what happens to the stretch IRA as we know it today? If the stretch IRA is gone for most descendants, is there any hope for continued life stretch-out? Is a stretch-out only a tax deferral strategy or is there more to it...2019-09-1314 minAICPA Personal Financial Planning (PFP)A cure for the SECURE Act: using CRTs {PFP Section}Guest: Bob Keebler, CPA/PFS & David Cahoone, JD, LLM Category: Technical In this episode, Bob Keebler, CPA/PFS discusses the planning strategies related to the proposed SECURE Act using charitable remainder trusts (CRTs) as beneficiaries as IRAs to simulate a stretch IRA. He answers the questions: When the SECURE Act becomes law, what happens to the stretch IRA as we know it today? If the stretch IRA is gone for most descendants, is there any hope for continued life stretch-out? Is a stretch-out only a tax deferral strategy or is there more to it...2019-09-1314 min