Current PFP News 


AICPA
Podcast: The Best Estate Planning Ideas

Please add AICPA_PFPNews@e.aicpa.org to your address book. If you have trouble viewing, the latest issue of PFP News is posted to aicpa.org/pfp/news on Thursdays.
AICPA PFP News
  Member-Exclusive News, Resources and Events  
July 19, 2017
In This Issue
2017 Advanced PFP and Other ENGAGE Conference Recordings Available
Broadridge Alert: New Rollover Resource Center
Leg/Reg: Revised Senate Health Bill Retains Taxes on Higher-Earning Individuals
Leg/Reg: AICPA Submits Comments to Senate Finance Committee Regarding Proposed Tax Reform Issues
Podcast: The Best Estate Planning Ideas in 2017
Video Series: Tax Reform Then and Now
Bob Veres Inside Information: Ops Organization
CPA/PFS Corner: Volunteer Opportunities for PFS Exam Development, It's Never Too Early to Start Prepping for the PFS Exam
Other News: Podcast: The Proposed 5-Year IRA Rule; Leg/Reg: AICPA Comments on the Definition of the Term "Patient"; Leg/Reg: Treasury's Analysis/Interim Report of the Executive Order Mentions the Section 2704 Proposed Regulations; Bob Veres Media Reviews: When Debt is Good
PFP News & Resources
2017 Advanced PFP and Other ENGAGE Conference Recordings Available
  For those who attended the Advanced PFP and other conferences at ENGAGE (both in-person and online), you can now access the recordings of the sessions offered with your registration. Visit www.AICPAConferences.com and login to your account; locate the session(s) you’d like to review by clicking the "Archives" tab under "My Account."  Registration is now open for the 2018 Advanced PFP Conference, part of ENGAGE, in June. PFP/PFS members save an additional $100 on the super early bird AICPA member price.  For conference registrations inquiries, questions about your CPE credit, please contact the AICPA Member Service Team at 888.777.7077 or email service@aicpa.org.
BACK TO TOP
Broadridge Alert: New Rollover Resource Center
  When a client leaves his or her current employer, there are often questions about what to do with an existing 401Ik) or other retirement savings account.  The Broadridge Rollover Resource Center can help you explain the options available, including rolling over funds from one retirement savings vehicle to another.  The Resource Center includes the following new materials:
 
Video: Leaving Your Employer?  Don’t Forget Your Retirement Savings Plan!
Consumer Article: Leaving your Job? Your Employer Retirement Savings Plan Options
Consumer Article: Rolling Over Funds from an Employer Retirement Savings Plan: What You Need to Know
Table: Rollovers from Employer Retirement Plans: Factors to Consider
Business Builder: Nuts and Bolts: How to Roll Over Your Employer Retirement Plan Assets
BACK TO TOP
Leg/Reg: Revised Senate Health Bill Retains Taxes on Higher-Earning Individuals
  On Thursday July 13, Senate Republicans released a revised version of their Better Care Reconciliation Act of 2017.  The new version, if enacted, would retain several taxes imposed as part of the Patient Protection and Affordable Care Act.  As in the first version of the Senate bill released in June, most of the act’s tax provisions would be repealed, but the 3.8% net investment income tax and the .9% Medicare surtax would remain in effect.  Learn more in this article
BACK TO TOP
Leg/Reg: AICPA Submits Comments to Senate Finance Committee Regarding Proposed Tax Reform Issues
  On July 17, the AICPA submitted multiple comment letters to the Senate Finance Committee regarding the following proposed tax reform issues:
 
Business income tax
Investments tax
Individual income tax
International tax
  The AICPA's recommendations cover the four issue areas on which Chairman Hatch requested suggestions. Overall, the emphasis in the letters is on the need for a tax system that is administrable, stimulates economic growth, has minimal compliance costs, and allows taxpayers to understand their tax obligations.
BACK TO TOP
Podcast: The Best Estate Planning Ideas in 2017
  Most clients will need to look at both income tax and estate tax as part of their personal financial plans. In this podcast, Bob Keebler, CPA/PFS, focuses on the best estate planning ideas for this year, including using the unified credits for gifts to dynasty trusts, IDGT sales, trust situs, and more.
BACK TO TOP
Video Series: Tax Reform Then and Now
  Listen to former IRS Commissioner Larry Gibbs discuss the factors paving the way for the Tax Reform Act of 1986, and hear his predictions on what we might expect for tax reform in the coming months in this three-part interview series with Edward Karl, AICPA VP - Taxation.
BACK TO TOP
Bob Veres Inside Information: Ops Organization
  The latest article in Inside Information* from Bob Veres features Ops Organization on measuring and building efficiency in your operations department including altering job descriptions, channeling extra time and how to hire for values and aptitude. *Access to Inside Information is a benefit of PFP/PFS membership, which is an individual membership. If your colleagues would like access to this newsletter service, they can either purchase directly from Bob Veres or sign up for PFP membership.
BACK TO TOP
CPA/PFS Corner
  Volunteer Opportunities for PFS Exam Development
Currently, there are multiple openings on the PFS Exam Technical Review Task Force. This group writes and reviews the questions for the PFS Exam databank for future exams. We provide the training, you provide the technical expertise. If you have expertise in specific areas of the PFS Body of Knowledge, such as retirement, insurance, investments, estate and charitable planning, executive compensation/employee benefits, elder or education Planning, and have an interest in making a difference in the future of our profession, then email us at financialplanning@aicpa.org .

 

It’s Never Too Early to Start Prepping for the PFS Exam
Here are your review options for the Fall 2017 PFS Exam , open from November 15-December 15, 2017.  Take advantage of the early-bird 25% discounted exam pricing.

 

 
Online PFP Boot Camp (October 23 - November 13, dates to be announced)
In-person PFP Boot Camp (November 1-3, Atlanta, GA, registration coming soon)
On-demand self-study PFS Exam Review Course (Anytime)
Printed and Online :  Practice Questions - PFS Exam Review Material
  Need something more in-depth?  Stay tuned for new in-depth on-demand self-study CPE options later this summer.  Also The American College textbooks on each major topic are available on the PFP Resource page at the AICPA Store. Email us at financialplanning@aicpa.org with any questions on the CPA/PFS program.
BACK TO TOP
Other News
  Podcast: The Proposed 5-Year IRA Rule
In this podcast , Bob Keebler, CPA/PFS, provides insight into the proposed five-year distribution rule (part of the proposed Retirement Enhancement and Savings Act of 2016 ) and the possible ramifications if this legislation is enacted, including strategies to avoid income tax bracket spikes and retain the advantage of tax-deferred growth.

Leg/Reg: AICPA Comments on the Definition of the Term “Patient”
On July 6, the AICPA submitted comments regarding the definition of the term “patient” for purposes of the definition of patient care.  In the letter , the AICPA recommended that the IRS issue guidance in the form of additional examples recognizing that the term “patient” encompasses individuals directly or indirectly receiving clinical diagnosis and/or treatment through telemedicine.

Leg/Reg: Treasury’s Analysis/Interim Report of the Executive Order Mentions the Section 2704 Proposed Regulations
On July 7, the IRS and Treasury Department issued Notice 2017-38 , providing Treasury’s interim report required under the President’s April 21 Executive Order 13789 , which was designed to consider reducing tax regulatory burdens. The section 2704 proposed regulations are listed among the eight regulations that meet at least one of the “significant” regulations criteria in the executive order.  The Treasury has requested further comments by August 7, 2017 on whether the regulations listed in the notice should be rescinded or modified, and if modified, how the regulations should be modified to reduce burdens and complexity.   As a reminder, on May 16, the AICPA submitted comments advocating for further simplicity on this matter and included the section 2704 proposed regulations in the list of possible regulations to consider under the executive order.

Bob Veres Media Reviews: When Debt is Good
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 magazine, including those rated with high relevance like “When Debt is Good” by Mark Tibergien and “Not So Fast, Tortise” (practice management) by Angie Herbers.  Access other editions of media reviews, Inside Information and e-columns.
BACK TO TOP
 
Events
PFP Section-sponsored webcast recordings and materials are available as part of your PFP/PFS membership and are posted to aicpa.org/pfp/library if you would like to listen again or if you are not able to attend the live event.

Conference recordings are available at no charge to conference attendees or for purchase to those who weren’t able to attend. Recordings from past conferences are available at www.AICPAConferences.com.

Upcoming PFP Section-Hosted Webcasts:

Watch PFP News for registration links for upcoming events!


Today! Taking a Fresh Look at Reverse Mortgages
July 19 from 1-2:15pm ET
Discounted CPE.

Next week! Financial Planning and Tax Implications of Retirement Plans
July 26th from 1-2:45pm ET
Discounted CPE.

Working Effectively with Emotional Clients
August 16 from 1-2:15pm ET
Free (no CPE).

Is Your Firm Overlooking Millennial Clients?
August 23 from 1-2pm ET
Free (no CPE).

Advising "Sandwich Generation" Clients on Balancing Support for Parents and Children
August 30 from 1-2:15pm ET
Discounted CPE.

Planning for the 99% - What to Tell Our Clients
Sept 20 from 1-2:45pm ET
Free with CPE.

The Crazy World of Health Care – Planning for Changes in the ACA
September 27 from 1-2:15pm ET
Discounted CPE.

Portability: An Estate Planning Game-Changer
October 18 from 1-2:45pm ET
Discounted CPE.

Asset Protection Planning
November 1 from 1-2:45pm ET
Discounted CPE.

Business Succession Planning
November 27 from 1-2:45pm ET
Discounted CPE.


Upcoming Conferences:

Personal Financial Planning Summit
January 8 - 10, 2018

Advanced Personal Financial Planning Conference @ENGAGE
June 2018


Other Upcoming Conferences:

Sophisticated Tax Planning for Your Wealthy Clients
November 13-14, 2017
Discounted CPE.
Contact Us
Email the PFP Team: financialplanning@aicpa.org Visit our home page: aicpa.org/pfp
Follow us on:
You are Subscribed to AICPA PFP Section
Mailing List

Manage Your Preferences
Unsubscribe
Add to Address Book
Privacy Policy
Contact Us

American Institute of CPAs,
220 Leigh Farm Road,
Durham, NC 27707-8110
888.777.7077
A17JL77



A A A


 
Copyright © 2006-2017 American Institute of CPAs.