The latest proposals suggest that the estate tax exemption may revert back to pre-TCJA levels in January 2022. In order not to lose the estate tax exemption that exist today, it may be necessary to make use of this exemption before year-end for your relevant clients. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, fills you in on the estate related reform including:
How the estate and gift tax reduction math will work
Forcing grantor trusts to be included in the taxable estate
Elimination of valuation adjustments for non-business assets
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Register for our year-end planning webcast (free with CPE for PFP/PFS members)
Proactive Planning Toolkit (see audio learning for tax reform updates)
This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.
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