Individuals with a taxable estate must act by the end of 2016 to avert the possibility of a nasty hike in what will be owed to the IRS at their death. If you don’t plan for the possibility of a proposed change to regulations enforcing Section 2704 of the IRS Code, your clients could be forced to pay a very high price.
If this planning opportunity only affects one of your clients, that one client will be grateful for life for the estate tax savings to be gained. In addition, inviting conversations with individuals affected, you open a dialogue with UHNWIs by providing authoritative information on a topic of keen interest to an audience rarely addressed.
Proposed regulations are expected to permanently end the use of a popular estate planning technique for lowering the value of assets for transfer tax purposes. Those with a taxable estate have only until 2017 to lock in certain discounts. While it was widely expected the IRS would limit discounts on valuations of FLPs investing in marketable securities and other thinly-veiled tax schemes, the IRS surprised accountants and lawyers with more far-reaching regulations curtailing valuation discounts on certain active businesses.
At this session, Robert Keebler, CPA/PFS, an educator of legal and accounting professionals for over three decades, teaches financial advisors how to take action to protect clients from missing out on the end of life of valuation discounts extended to transfers of businesses and certain other assets. He shares his encyclopedic knowledge on estate planning so that financial advisors can play their role in acting on behalf of their clients at a session covering:
• An overview of 2704 Proposed Regulations
• 2704(a) - lapsing voting or liquidation rights
• 2704(b) - restrictions on liquidation
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, is a partner at Keebler & Associates. Bob has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners and one of the Top 40 Tax Advisors to Know During a Recession. His three-decades as an educator of tax professionals makes him a once-in-a generation figure in the leadership of the accounting profession.
Bob now shares his tax and financial planning slides with transcriptions of his A4A webinars, giving you a scripted one-hour class you can teach in your own webinars, seminars, and client meetings.
This webinar is eligible for IRS EA CE, IMCA® CE, CFP® CE, PACE credit toward CLU® and ChFC® designations and live CPA CPE credit.
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