How The Midterm Elections Changed Year-End Capital Gains Tax Planning, Bob Keebler, Nov 2022

Additional Resources For Tax And Financial Professionals

Robert Keebler

Thursday, November 17, 2022 4PM EST

CFP^® Live CPA IWI IRS EA

Program Id: 635618979

Replay

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The surprising midterm election results make a capital gains tax hike more likely and have changed tax planning for 2023.

A hike in the 20% top capital gains tax rate to 39.6% and eliminating the step-up in basis at death suddenly are possible.

Eliminating the step-up in basis on capital gains would reduce inheritances, affecting married/joint-filers with taxable estates of more than $13 million and single-filers with estate of more than $6.5 million.

Meanwhile, 2022 brought the biggest hikes in interest rates in generations and a bear market in stocks.

With rates expected to continue to rise in 2023 and bear market prices on stocks, practitioners need to be on the lookout for ways to reduce client tax liabilities. Reducing client tax liabilities based on their personal circumstances deepens relationships and highlights your value measured by tax savings.

Learning Objectives:

proactively planning for 2023, under post-midterm Congressional legislative outlook
planning for the possible elimination of a step-up in basis
planning for a possible hike in capital gains taxes
integrating loss harvesting in an overall capital gains strategy
the Math of recognizing capital gains
direct charitable gifts to reduce capital gains
the use of § 453 installment sales to reduce capital gains and how to elect out of installment sale treatment to accelerate gains
the use of collars, variable forward sales and options to better manage capital gains

Who should attend:

● Institutional Investment Plan Trustees

● Institutional Investment Consultants

● Investment Advisors

● Financial Planners

● Wealth Managers

● Financial Analysts

● Securities and Research Analysts

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), is a partner at Keebler & Associates of Green Bay, Wis. For over three decades, Bob has been a pre-eminent educator of CPAs on personal financial planning and taxation. He's taught monthly on A4A for 13 years. Actionable tax advice is taught in a clear, concise, high-energy style makes Bob Keebler unique among tax and financial planning professional educators.

More than 50 hours of CFP^® CE credit and more than 100 hours of Investments & Wealth Institute^® credit on replays available 24/7 to paying members ($120 annually) of Advisors4Advisors.com. CPAs are eligible to receive CPE for attending live webinars only. To learn how to receive continuing professional education credit viewing webinar replays, please see our detailed instructions.