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Self study cpe
The Mathematics of SECURE: Where the Tax Law and Economics Collide

THE MATHEMATICS OF SECURE: WHERE THE TAX LAW AND ECONOMICS COLLIDE

Document-based self-study course: The content of this course is a 108 page eBook.
CPE Processing Fee$80.00
Webinar TranscriptionN/A
Presentation Length Hour(s)4.0 hours
CPE Credits 4.0 hours
Subject Area 4.0 - Taxes (Federal Tax Update)
CE Credits 4.0 hours
Course Id# - HURS9-U-00773-20-S
Course LevelBasic
Instructional MethodQAS Self-Study
PrerequisitesNone
Advance PreparationNone
Recorded DateJun 22, 2020
Date OfferedJun 22, 2020
Course Description

The paradigm shift from life expectancy distributions to a 10-year distribution is at its core a mathematical problem.

Therefore, quantitative driven strategies can mitigate the impact of lost deferral. These strategies include Roth conversions, multi-generational trusts, life insurance, exception beneficiaries, and utilizing Charitable Remainder Trusts.

Moreover, tried and true strategies to mitigate built-in income tax consequences of "inherited" IRAs gain importance with a 10-year rule.

In any case, there is a critical need for estate and financial planners to understand the mathematics.

Specially, we will review the following:


  • The mathematical pillars of income tax deferral, bracket management, conversion of ordinary income to long-term capital gain and to tax-free insurance death benefits

  • Explaining these concepts to your clients with flowcharts and quantitative illustrations  


  • The mathematics of four types of Trusts and beneficiary distributions from Trusts

    • Conduit Trust

    • Non-Designated Beneficiary Trusts

    • Designated Beneficiary Trusts

    • Eligible Designated Beneficiary Trusts



  • The good and bad math of Conduit Trusts after SECURE

  • Why Conduit Trusts should not be used in a second marriage and how to explain the math to your clients

  • The math of avoiding the five-year rule in favor of the ten-year rule or the life expectancy rule

  • Covering the law and explaining a thorough understanding of the deferral and tax rate arbitrage associated with a Charitable Remainder Trust

  • Covering the law and explaining of the Section 664 CRT Tier rules and converting ordinary IRA to long-term capital gain

  • Covering the law and explaining the income and estate tax-free benefits of IRA relocation (i.e., utilizing IRA distributions to purchase life insurance)

  • Learn advanced insurance strategies, including policy designs to maximize ROI

  • Covering the law and explaining the efficacy of Roth IRA conversions and the true drivers of who should and should not convert

  • Integrating Roth conversion planning with eligible IRA Disability Trusts and IRA Trust planning

  • Developing a quantitative understanding of the benefits of using the state tax-exempt IRA Trust to reduce state income taxes

  • Covering the law and explaining an understanding of the tax rate arbitrage of spreading income across Trust beneficiaries and across family members

  • Changes to estate tax planning for IRAs after SECURE

  • Why Roth IRAs should be paid out to Disability Trusts



This is not a manual designed to help only wealthy clients, but rather will provide advice for the mass-affluent and the truly wealthy. Properly applied, these quantitative strategies will provide tremendous value and demonstrate expertise.
 

Self-Study Course Instructions:

FOR DOCUMENT-BASED COURSES

Download the course document(s) (below) and follow prompts contained in the document.



FOR RECORDED COURSES WITH VIDEO

Download any course document(s) (below) which may include handouts, glossary, transcripts, etc. Follow any prompts contained in the documents to help you complete the course. Most documents are searchable.

Play the recording, noting the sectional guides indicating where topics on the agenda are covered and the prompts to pause video playback to respond to a review question (located below the video playback area). The timestamps for review questions are also noted below.

Upon completing the video and successfully answering all review questions, you will then take the final exam.

Taxmath selfstudy
Additional Materials
Course Materials
Review Questions
Review Questions
Frequently Asked Questions
  • CPAacademy self-study courses are online.
  • The self-study format allows you to a) access the material online 24/7 and b) study at your own pace.
  • Per NASBA guidelines, you have one year from date of purchase to complete each program.
  • Complete your final exam at any time and get graded instantly. You can retake the exam at no additional charge (unlimited attempts).
  • Print your own certificate of completion on the spot upon passing the exam.
  • Grading policies: a) courses have a minimum passing score 70% b) test takers will not be provided feedback on failed exams.
  • Upon achieving a passing score, test takers will be notified of the correct answers to the questions missed.

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Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP, and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of the National Association of Estate Planners & Councils. CPA Magazine has also named him one of the top 100 most influential practitioners in the United States and one of the top 40 tax advisors to know during a recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. 

Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and estate, gift, and income tax examinations and appeals. He has received more than 200 favorable private letter rulings, including several key rulings of “first impression.” 

He is the author of over 100 articles and columns and is the editor, author, or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years, including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference, and the Heckerling Estate Planning Institute.
 

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About Our Presenter

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At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.