2020 Post-Election Tax Planning CE For Professionals

For Growing Fiduciaries

With the election of Joseph R. Biden Jr. as the 46th U.S. President, higher federal taxes are almost certain to be enacted in 2021.

Federal emergency aid to individuals and businesses after the Covid outbreak has exploded the federal deficit and now a second aid package is widely expected.

At this pivotal moment, as the tax pendulum swings, this video alerts:

• retirees not to miss out on the CARES Act tax break on RMDs.
• families that Biden plans to slash the estate exemption to $3.5 million from $11.58
• pre-retirees not to miss the Roth conversion opportunity
• charitably inclined individuals to an unusual variety of opportunities

For a growing independent professional financial services firm, the tax policy changes make for an unusual opportunity to educate a broad spectrum of individuals, from those who need retirement income planning to doctors, dentists, business owners, and private wealth.

 Bob Keebler's Preliminary 10-Minute Tax Analysis After Biden Is Elected
On Thursday, in a one-hour CE class, A4A members get a full one-hour CPE class from A4A's beloved tax educator, Robert Keebler, CPA/PFS.   

In the meantime, because this is "breaking news" for professionals, here's a 10-minute interview in which Bob goes over the D.C. political situation and the urgent tax move to make in this unusual end to the 2020 tax-year, a year-end tax planning season like no other. 

With all eyes on the January 5, 2021 Senate runoffs in Georgia, Bob says the odds are against Dems winning both Senate races in Georgia and controlling the Senate. Georgia voters are probably split about 50-50 on both Senate races. That's clear from the Presidential election results. That gives the Dems only a 25% chance winning both runoffs and gaining control of the Senate.

This interview was conducted Friday, Nov. 6 at 430 p.m. EDT and Bob answers questions about estate planning as well as skipping RMDs, intrafamily loans, installment sales, the possible payroll tax hike, and other items in limbo.       

Uncertainty about tax policy is high, and the stakes are high, too. Estate taxes may suddenly be levied on millions of families, and expansion of the payroll tax to high-income earners is also in the mix. Since we may be at a tipping point in tax policy, Advisors4Advisors is expanding tax coverage to update members on year-end planning and the fate of the Senate. 

A4A fans will be pleased to see Bob's face and grace under pressure-filled questioning.

Send questions for Bob's next class to This email address is being protected from spambots. You need JavaScript enabled to view it..

2020 Post-Election Tax Planning CE Class For Professionals   

The stakes are high, as financial planning, investment and tax practitioners await the results of the election.

The objective of this class is subject to change based on the election results.

If Trump wins, strategic tax moves that have been delayed will need to be acted on before the end of the year. If Biden wins, a new tax regime will require urgent action and be far more complicated. And, if the Democrats win the Senate, estate tax planning will instantly become a high priority to millions of American families.

The election is expected to usher in a new wave of higher taxes. Higher income earners will face a 6% payroll tax on more than $400,000 of income. In addition, the estate tax exemption will be slashed in half, and Democratic control of the Senate could mean a reversion to the $1.1 million exemption from estate taxes.  

Having advised clients on every tax reform since 1982, Robert Keebler, CPA/PFS, a leading educator of tax professionals for over three decades, reviews what financial planning and investment professionals need to know about a wide range of tax situations expected to affect clients after the 2020 election.

This webinar is eligible for one hour of CE credit towards the CIMA® and CPWA® certifications, IRS EA CE. CFP® CE, PACE credit toward the CLU® and ChFC® designations, and live CPA CPE credit.

Covid Crisis Hits Private Wealth
(August 25, 2020) Coronavirus is cutting a path of economic destruction, transforming the landscape of investing and taxation. The abrupt change in conditions challenges families to act on new risks and opportunities in managing their wealth. 

Families are being hit with a "perfect storm.“ That's what the private wealth client group at the New York law firm of Moses & Singer calls it at this hourlong CE class, which inspired this video for clients of private wealth advisors.   

August 17: 2020 Year-End Tax Planning Will Be An Adventure 
Year-end tax planning is not what you’d normally call adventurous, astounding or even exciting. Due to the the Covid crisis, yearend tax planning is going to be an adventure sport this year. Now's the time to coach your clients and give them a heads-up. August 17: 2020 Year-End Tax Planning Will Be An Adventure

Engaging clients with cartoon characters to communicate complicated concepts is one of the best ways to make tax and financial planning tips for consumers easy to consumer.  

Canned content is derided by some "experts" in SEO, but they don't have a bias and do not know about how content from A4A thought leaders can be optimized and personalized by RIAs, providing ethical SEO to financial advisors.

July 12: 2020 Roth Conversion Q&A

Roth Conversion is a major tax saving strategy of 2020 for those who  take RMDs or about to do so for the first time. 

The July 9 class received an average rating of 9.6 on a 10-point scale. At the end of the session, Bob Keebler, CPA/PFS, answered questions from A4A members.  (Read Q&A)

July 9: 2020: Main Street Lending Program Alert For Business Owners

Business owners who were unable to qualify for federal Covid-crisis emergency assistance from the Payment Protection Program (PPP) need to know about the Main Street Lending Program (MSLP).

Enabled by the CARES Act on March 27, 2020, MSLP is administered by the Federal Reserve Board, which is not a normal function of the Fed. MSLP  makes available $600 billion in federal aid to small businesses  that had sound financials before the Covid outbreak. MSLP loans are not forgivable and the program has been met with a tepid reponse from business owners.    

MSLP has been thew subject of considerable buzz in recent weeks, with business owners awaiting details about MSLP loans terms. On June 26, the Fed released this lengthy FAQ, which prompted a video and email campaign educating business owners about latest details on MSLP.   

To learn about our FINRA-reviewed content for financial consumers,contact us.  

June 23, 2020: Covid-19 Tax Break Suspends Required Minimum Distributions

In this period of social distancing, many individuals 65 and older are staying home and their expenses are lower than expected. This has created an unexpected tax break for those who take required minimum distributions – RMDs -- or who are are about to start RMDs.