Current PFP News 


    Send your relevant clients a Forefield alert describing longevity income annuities and the recent IRS regulations impacting the use of LIAs in tax-qualified retirement plans.

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    PFP News

     

    Member-Exclusive News, Resources and Events

     

    July 23, 2014

    In This Issue

    Forefield Alert: Longevity Income Annuities

    August 15: Trusts, Section 469 & Section 1411: Material Participation After Frank Aragona Trust

    Bob Veres Media Reviews: Technology and Your Compliance Obligations

    Estate Planning Review: Economic Indicators: Examples & Caveats

    October 23-24: AICPA Women's Global Leadership Summit

    CPA/PFS Video & Business Development Toolkit

     

     

    PFP News & Resources

     

    Forefield Alert: Longevity Income Annuities

     

    Forefield has created a Client Alert that describes longevity income annuities (LIAs) and the recent IRS regulations impacting the use of LIAs in tax-qualified retirement plans. Read the Department of the Treasury press release concerning the recent regulations. Read the IRS regulations.

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    August 15: Trusts, Section 469 & Section 1411: Material Participation After Frank Aragona Trust

     

    On March 27, 2014, the United States Tax Court, in Frank Aragona Trust v. Commissioner, issued quite possibly the most significant court decision for trusts in 2014. Not only did this case discuss the applicability of the Section 469 real estate professional exception to the passive activity loss rules, it also discusses what standard to apply to determine whether a trust materially participates under Section 469. This has a direct and significant impact on whether the net investment income tax (NIIT) applies to your client's estate(s) and trust(s) and their beneficiaries.

    In this webcast on August 15 from 1-2:45 ET, Bob Keebler and David Kirk will show you how the landscape for the material participation standard of trusts looks after Frank Aragona Trust, including the following:

     

    A discussion of the applicable parts of Section 469 and the regulations thereunder;

    A discussion of the applicable parts of Section 1411 (NIIT) and the regulations thereunder;

    A discussion of Congressional Committee Reports and the legislative history of the material participation standard for trusts;

    A chronological discussion of the applicable case law (including Mattie K. Carter and Frank Aragona Trust) and available IRS guidance (including TAM 200733023, LTR 201029014 & LTR 201317010); and

    Overall observations and possible planning opportunities.

     

    This webcast is free without optional, discounted CPE for PFP/PFS members. Can’t attend? The webcast will be archived after the live event; a podcast is also available on the implications of the case.

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    Bob Veres Media Reviews

     

    Bob Veres Media Reviews are designed to save you hours of reading time each month -- giving you time for more productive activities.

    Read Bob’s write-ups of articles in July’s Investment Advisor, including:

     

    "Going Back to Basics to Rebuild Our Business" by Mark Tibergien

    "The Death of the Rainmaker" by Angie Herbers

    "Technology and Your Compliance Obligations" by Dan Skiles

    "Cybersecurity--The SEC’s Critical Initiative" by Tom Giachetti

     

    Read Bob’s write-ups of articles in July’s Journal of Financial Planning, including:

     

    "Food for Thought on Fiduciary, Fixed Income, Safe Withdrawals" by Harold Evensky

    "7 Tips to Enhance Your Online Videos" by Bill Winterberg

    "More Support for the Old Adage of Staying Cool to Hot Tips" by Cliff Robb, Swarn Chatterjee and Andrew Carswell

     

    Access other editions of media reviews, Inside Information and e-columns.

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    Estate Planning Review: Economic Indicators: Examples & Caveats

     

    PFP/PFS members can download a complimentary issue of the June edition of WK, CCH Estate Planning Review – the Journal. This Journal reports and interprets the meaning and planning implications of legislative, judicial and administrative changes and their impact on estate planning issues. The June issue includes articles on topics ranging from asset protection to technology, including:

     

    “To Disclose or Not to Disclose: That is the Question” by Anne Marie Levin (asset protection)

    “Economic Indicators: Examples & Caveats” by Jay Shein (investment planning)

    “The Cloud, The Cloud – How Secure Is It?” by Joseph G. Hodges, Jr. (technology)

    “Tax Court Roundup: Spring 2014”

    “Supreme Court Rules Against Inherited IRA Owners”

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    October 23-24: AICPA Women's Global Leadership Summit

     

    The AICPA Women's Global Leadership Summit (October 23-24 at the Mandarin Oriental, Washington DC) focuses on leadership, boardroom diversity, and best practices to enhance the skills and potential of women leaders within the financial community. The high-level caliber of speakers will provide training and information on how women can secure their future in this complex industry. This summit will also provide women leaders with a unique opportunity to gain new insights and to learn directly from other successful professional women. The sessions & workshops offer a full scope of perspectives - from women finance leaders in firms, business & industry, not for profits, academia and government. Attend live or virtually. PFP/PFS members save $100 off the early bird and AICPA member discounts. Register by September 8th to take advantage of the $75 early bird discount.

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    CPA/PFS Corner

     

    CPA/PFS Video & Business Development Toolkit

     

    Looking for a way to succinctly and powerfully promote your value and services as a CPA/PFS? This short, impactful, award-winning video may be just the answer. We developed it to help you convey your marks of distinction. The CPA/PFS Business Development Toolkit has instructions for you to post the link to your website; feature it on your home page; include the link in your email signature and e-newsletter to clients and prospective clients. While you are in the toolkit, check out the CPA Strong Campaign marketing materials created to help you promote your PFS credential with its CPA foundation.

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    Events

     

    Event recordings and materials are posted once available to aicpa.org/pfp/webcasts if you would like to listen again or if you are not able to attend the live event.

    Upcoming Free Webcasts:

    Today! Consumer Webcast: Your Retirement: A goal or a dream?
    Series: Take Charge: Your Money. Your Life.
    July 23, 1-2pm ET
    Christine Romsdahl
    Invite your clients to this free, consumer-oriented webcast. No CPE offered.

    Charitable Giving: The Latest Trends and Strategies
    Part 1 of The CPA’s Guide to Financial and Estate Planning Series
    August 13, 1-2:45pm ET
    Steve Siegel, JD, LLM
    Free without optional, discounted CPE for PFP/PFS members.

    Trusts, Section 469 & Section 1411: Material Participation After Frank Aragona Trust
    August 15, 1-2:45pm ET
    Bob Keebler and David Kirk
    Free without optional, discounted CPE for PFP/PFS members.

    Be in Demand: Building a Career as a CPA Personal Financial Planner
    August 28, 1-2pm ET
    Richard Joyner
    Free without optional, discounted CPE for PFP/PFS members.

    Key Income Tax Planning Strategies for the Mass Affluent
    Part 2 of The CPA’s Guide to Financial and Estate Planning Series
    September 3, 1-2:45pm ET
    Steve Siegel, JD, LLM
    Free without optional, discounted CPE for PFP/PFS members.

    Integrated Personal Financial Planning for Business Owners
    Part 3 of The CPA’s Guide to Financial and Estate Planning Series
    October 17, 1-2:45pm ET
    Steve Siegel, JD, LLM
    Free without optional, discounted CPE for PFP/PFS members.

    Essential Post-Mortem Planning Decisions
    Part 4 of The CPA’s Guide to Financial and Estate Planning Series
    November 5, 1-2:45pm ET
    Steve Siegel, JD, LLM
    Free without optional, discounted CPE for PFP/PFS members.

    Save the Dates!
    Registration links will be available soon in PFP News.

    Advanced PFP Series: Planning for Large IRAs
    August 27, 3-5pm ET
    Bob Keebler
    Discounted CPE. Recordings from this series will be available at aicpa.org/pfp/webcasts after the live events.

    Investment Tax Planning – Creating Tax Alpha
    Sept. 23, 2014, 1:00-2:45p.m. ET
    Chris Benson, Bob Keebler and Scott Sprinkle
    Free without optional, discounted CPE for PFP/PFS members.

    How CPAs Can Thrive in the New World of Estate Planning for Clients Under $10M Net Worth
    October 21, 1-2:45pm ET
    Martin Shenkman
    Free without optional, discounted CPE for PFP/PFS members.

    Upcoming For-Fee Webcasts:

    Today! Advanced Tax Series: Leading Practices for Structuring the Family Office
    July 23, 1-2:40pm ET
    Discounted CPE.
    Presented by the AICPA Tax Division

    Upcoming Conferences:

    AICPA Women's Global Leadership Summit
    October 23-24, 2014
    Mandarin Oriental, Washington DC
    Attend live or virtually. PFP/PFS members save $100 off the early bird and AICPA member discounts.

    AICPA Advanced Personal Financial Planning Conference
    January 19-21, 2015
    Bellagio, Las Vegas
    Attend live or virtually. PFP/PFS members save $100 off the early-bird and AICPA member discounts.

    Implementing PFP Services: Step-by-Step Plans for Success
    January 17-18, 2015
    Bellagio, Las Vegas
    Attend the 2-day session only or bundle with the Advanced PFP Conference. PFP/PFS members save $100 off the AICPA member price.

     

    Contact Us

     

    Email the PFP Team: financialplanning@aicpa.org Visit our home page: aicpa.org/pfp

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