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American Institute of CPAs - Personal Financial Planning (PFP)

Oct 15, 2021

If current tax reform proposals become law, there will be many issues to be mindful of with planning for trusts. In this episode of the PFP Section podcast, Bob Keebler, CPA/PFS, helps you get ahead of these changes so that you can plan for your clients to be ready for impending changes. Bob discusses:

  • How the proposed higher income tax and capital gains rates will impact trusts planning
  • The low threshold for trusts that would have the additional 3% surtax, NIIT expansion, and 199A cap kick in
  • Changes to grantor trusts taxation that will make transactions between grantor and trust pertinent to monitor
  • Being cognizant of electing fiscal year ends in rising tax rate environments

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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 to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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