Current PFP News 


Want to Save on Next Year’s PFS Dues?

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/pfpnews on Thursdays.

AICPA

PFP News

 

Member-Exclusive News, Resources and Events

 

July 20, 2016

In This Issue

New Resource Page: Tax Aware Investing

Video: Estate Tax Proposals: Clinton vs. Trump – How to Advise Clients Now

Forefield Alert: Interest Rates Fall Again on New Federal Student Loans

Forefield Spotlight: Saving for Retirement: Inside a Plan vs. Outside a Plan Calculator

Audio Clip: IRS Waives 60-Day Rollover Requirement

Leg/Reg Update: AICPA Expresses Concern over Section 385

Join CPA Financial Planners for a Live Facebook Chat: Helping Clients Find You When They Need You

Ross Riskin, CPA/PFS, Receives P. Thomas Austin Scholarship from AICPA

Bob Veres Request: Do You have Robo Experience?

Next Week! Upcoming Webcast Series: IRA Planning Workshop with Bob Keebler

CPA/PFS Corner: Want to Save on Next Year’s PFS Dues?

Other News: Podcast: Q2 Update on New Tax Laws, Private Letter Rulings and Court Cases; Podcast: The Death Tax Problem; Bob Veres Media Reviews: What is Your Sustainable Growth Rate?; Bob Veres E-Column: Evaluating Partner Performance; Article: When the S&P 500 Breaks out REITs, You May Get a Tax Bille

 

 

PFP News & Resources

 

New Resource Page: Tax Aware Investing

 

Clients can meet their wealth management goals more easily and preserve more of their wealth if tax efficiency is carefully considered. This new resource page contains a variety of technical resources including the following podcasts, white paper and webcast:

 

White Paper: Creating Tax Alpha in Today’s Income Tax Environment

Webcast: Tax Aware Investing In-Depth, which contains a recording and slides with an overview of the more detailed podcasts below.

Bracket Management In-Depth: A video podcast that takes a deep dive into tax efficient investing and the net investment income tax (download slides here)

Draw Down Strategies In-Depth: A video podcast covering things like combining bracket management with distribution planning (download slides here)

Portfolio Management In-Depth: A video podcast which takes a deep dive into tax-aware portfolio management strategies like leveraging statutory tax benefits and tax deferred annuities (download slides here)

Tax Planning for Concentrated Low-Basis Positions In-Depth: A video podcast reviewing tax planning aspects for concentrated low basis stock positions including taxation of options and margin accounts (download slides here)

BACK TO TOP

 

Video: Estate Tax Proposals: Clinton vs. Trump – How to Advise Clients Now

 

In this video, Martin Shenkman, CPA/PFS, discusses the estate tax proposals of presidential candidates Hilary Clinton and Donald Trump, why you should care, what the impact would be, and how to advise clients now.

BACK TO TOP

 

Forefield Alert: Interest Rates Fall Again on New Federal Student Loans

 

The interest rates on federal student loans are fixed for the life of the loan but reset each July 1 for new loans. For the 2016/2017 academic year, rates on new loans issued between July 1, 2016, and June 30, 2017, are lower than the previous academic year.  View the alert.

BACK TO TOP

Forefield Spotlight: Saving for Retirement: Inside a Plan vs. Outside a Plan Calculator

 

One of the many benefits available through Forefield Advisor, access this calculator which helps you compare two scenarios for your client:

 

Scenario A: Making contributions each year to a tax-advantaged retirement plan and

Scenario B: Making tax-equivalent alternative investments outside the retirement plan

 

Forefield Advisor is available as part of your PFP/PFS section membership.  Access more extensive planning materials on saving for retirement here.

BACK TO TOP

 

Audio Clip: IRS Waives 60-Day Rollover Requirement

 

In PLR 201627006, the IRS granted a waiver of the 60-day rollover requirement with respect to the post-death rollover of a qualified plan balance to an IRA. Bob Keebler, CPA/PFS, reports, courtesy of Leimberg Information Services, Inc.

BACK TO TOP

 

Leg/Reg Update: AICPA Expresses Concern over Section 385

 

On July 7, the AICPA submitted a comment letter which express its concerns that the United States Department of the Treasury (“Treasury”) and the Internal Revenue Service (IRS) do not have the authority to extend the application of the proposed section 385 regulations to partnership equity or debt instruments issued by partnerships.

BACK TO TOP

 

Join CPA Financial Planners for a Live Facebook Chat: Helping Clients Find You When They Need You

 

CPAs have been doing tax, estate, retirement, charitable and life transition planning for more than 100 years and now, more than ever, that’s what consumers seek. And they call these services financial planning. On July 27 from noon-1pm ET, join CPA Personal Financial Specialists, Lori Luck and David Stolz in a live Facebook chat to get your questions answered about CPAs providing financial planning services.

BACK TO TOP

 

Ross Riskin, CPA/PFS, Receives P. Thomas Austin Scholarship from AICPA

 

The American Institute of CPAs has announced that Ross Riskin, CPA/PFS, has been awarded the 2016 P. Thomas Austin Personal Financial Planning Division Scholarship, an annual scholarship awarded to a CPA with five to 15 years of experience in estate planning. Riskin was presented with the award on Tuesday at the AICPA’s Advanced Estate Planning Conference in Washington, DC.  Riskin was honored for his work helping clients address their estate planning goals by using an inter-generational approach. Read the press release.

BACK TO TOP

 

Bob Veres Request: Do You have Robo Experience?

 

Bob Veres is in process of writing a new book, The New Profession, which will contain information on planners who have embraced using robos for business use.  Bob would like to hear from you if you have experience using these online asset management and client discovery tools.  You can email him with an outline of your activity, challenges you’ve faced and your overall experience at bob@bobveres.com.

BACK TO TOP

Next Week! Upcoming Webcast Series: IRA Planning Workshop with Bob Keebler

 

Back by popular demand from the 2016 Personal Financial Planning Conference, estate planning authority, Robert Keebler, CPA/PFS, will lead an 8-hour course that teaches financial planning professionals how to build and maintain individual retirement accounts that create winning outcomes for their clients and their families.  Let Keebler guide you on the following topics:

 

Foundations

Roth IRAs

Asset Protection

Final 401(a)(9) Regulations

 

PFP/PFS section members receive a discount at registration.  The event takes place July 25-28.  Find out more here.  Note that these recordings will not be included in the PFP Learning Library.

BACK TO TOP

 

CPA/PFS Corner

 

 

Want to Save on Next Year’s PFS Dues?
As a CPA/PFS credential holder, you can receive a PFS dues credit for each CPA that you refer to either obtain the CPA/PFS credential or sit for the PFS exam!  Refer 10 CPAs and have your PFS dues waived for the next 10 years!  Your more experienced CPA colleagues may already qualify for the credential if they hold another financial planning designation and for less experienced CPAs, the PFS pathway of learning, exam review and exam is just what they need. CPAs providing financial planning services can enhance their confidence and competence by becoming a CPA/PFS! Learn more about how to qualify for a credit and what to discuss with potential credential holders.

Go to aicpa.org/PFS for more information or email us at financialplanning@aicpa.org if you have any questions.

BACK TO TOP

 

Other News

 

 

Podcast: Q2 Update on New Tax Laws, Private Letter Rulings, and Court Cases
In this video podcast (download slides), Bob Keebler, CPA/PFS, recaps the second quarter of 2016 case law, private letter rulings, and proposed and enacted legislation including retirement, estate and tax topics.

Podcast: The Death Tax Problem
In this podcast, Bob Keebler, CPA/PFS, interviews Matt McClintock about other, often more punitive, forms of taxation upon death like the fiduciary income tax that trustee has to pay and the impact of capital gains tax when there is no basis adjustment on property that is part of a trust.

Bob Veres Media Reviews: What is Your Sustainable Growth Rate?
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 “What is Your Sustainable Growth Rate” by Mark Tibergien and “Technology’s Role in Demonstrating Value to Clients” by Dan Skiles.  Access other editions of media reviews, Inside Information and e-columns.

Bob Veres E-Column: Evaluating Partner Performance
In this e-column, Bob Veres discusses the necessity and intricacies involved in evaluating manager or partner-level advisers.  This is a complicated issue as performance reviews of this nature may involve upstream evaluations from subordinates and assigning consequences of reviews found to be lacking.  Bob makes several points about what criteria and general themes these individuals should be working to achieve and then highlights a process of placing individuals into percentiles. Access other editions of media reviews, Inside Information and e-columns.

Article: When the S&P 500 Breaks Out REITS, You May Get a Tax Bill
Taxpayers could face a taxable payout on 2016 capital-gains on REITS, even if they have declined in value this year, writes Laura Saunders for the Wall Street Journal.  The historic change, coming to the S&P 500 & MSCI indexes on September 16, could cause a big shift as REITS will move out of the financial services sector and into a sector of their own.  Advisers should be proactively planning for clients who maintain this exposure in accounts that are not tax-deferred. 

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 aicpaconference
materials.com
.

Upcoming PFP Section-Sponsored Webcasts:

Watch PFP News for registration links for upcoming events!

Today! Retirement Planning for the Business Owner
July 20, 1-2:45pm ET
Discounted CPE

Latest Trends and Developments in Long Term Care Insurance
August 17, 1-2:15pm ET
Discounted CPE.

Using Charitable Trusts to Avoid Capital Gains Taxes & the 3.8% Surtax
Sept. 21 from 2-3:45pm ET
Discounted CPE.

Estate Planning for the 99%
Sept. 28 from 1-2:45pm ET
Free with CPE.

Post-Mortem Planning
Oct. 19 from 1-2:45pm ET
Discounted CPE.

Proactive Year-End Planning After the Election
Nov. 22 from 1-2:45pm ET
Discounted CPE

Tax Planning with Life Insurance
November TBD
Discounted CPE.

Divorce Taxation
December TBD
Discounted CPE.

Other Upcoming Webcasts

Next Week! IRA Planning Workshop Series
July 25-28, 2016
Discounted CPE.

Upcoming Conferences:

Sophisticated Tax Planning for Your Wealthy Clients
November 10-11, 2016
Discounted CPE.

National Tax Conference
November 14-15, 2016 Discounted CPE.

Personal Financial Planning Summit
January 22-25, 2017
Discounted CPE.

Advanced PFP Conference (ENGAGE)
June 12-14, 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

A16JL82




A A A


 
Copyright © 2006-2016 American Institute of CPAs.