Guest: Robert Keebler, CPA/PFS Do you have clients who have had coronavirus-related health or financial issues? The CARES Act retirement plan and IRA provisions may be able to provide them with cash flow relief. Use your deep tax knowledge as a CPA financial planner to help your clients make smart planning moves now. Be sure to follow along with the slides included in the resources as you learn from Bob Keebler, CPA/PFS, in this episode. He answers questions from Sections 2202 and 2203 of the CA...
May 22, 2020•24 min
Guest: Lyle Benson, CPA/PFS Has your client contact increased significantly during the pandemic? Do you wonder how other CPA financial planners are adding value and communicating with clients during this time? CPAs have provided the calm in the storm for their clients and have shifted their ways of doing business to meet changing client needs. Learn from Lyle Benson, CPA/PFS, as he shares insights from his study group of leading CPA financial planners such as: What is the most important message ...
May 19, 2020•20 min
Guests: Bob Keebler, CPA/PFS and Chris Hesse, CPA Under the CARES Act, you may be able to help your relevant business owner clients with their cash flow needs. This can be done by generating refunds from net operating losses (NOLs). As a CPA financial planner, use your deep tax knowledge to help clients benefit from this opportunity. Learn from experts Bob Keebler, CPA/PFS, and Chris Hesse, CPA, in this PFP podcast episode as they explore: What is the excess business loss provision in IRC Sectio...
May 15, 2020•17 min
Guests: Bob Keebler, CPA/PFS and Ken DeGraw, CPA/PFS, CFF Some of your business owner clients may be worried about their business with everything that is happening. As a CPA financial planner, be the trusted adviser your clients are looking for by listening and guiding clients who might be considering bankruptcy. Learn from experts Bob Keebler and Ken DeGraw in this PFP podcast episode and discover: What are the unintended consequences of filing for bankruptcy? What are the viable alternatives t...
May 08, 2020•23 min
Guests: Bob Keebler, CPA/PFS and Mark Fichtenbaum, CPA, JD, LLM In this episode, Bob Keebler, CPA/PFS, interviews Mark Fichtenbaum, CPA, JD, LLM, one of the foremost experts in the country on the taxation of securities, about bond tax planning strategies to consider with your relevant clients during a volatile market with low interest rates: What are the tax planning opportunities when purchasing bonds that are trading at a premium? What are the planning opportunities if you already own a premiu...
May 01, 2020•21 min
Guests: Bob Keebler, CPA/PFS With changes to Roth planning due to TCJA, the SECURE Act, and now the CARES Act and market volatility resulting from COVID-19, it’s important to consider whether Roth conversions would be optimal to help your clients reach their long- term goals. In this episode, Bob Keebler, CPA/PFS, shares the nuances to consider when making decisions on whether to advise clients to convert to a Roth: Should your clients use their 2020 waived RMD dollars to fill up their lower tax...
Apr 24, 2020•18 min
Guests: Ed Slott, CPA and Bob Keebler, CPA/PFS In the multitudinous legislation that is unfolding as a result of the coronavirus pandemic, the IRS has issued relief from taking required minimum distributions (RMDs) from IRAs and employer sponsored plans under the CARES Act. Bob Keebler, CPA/PFS, interviews Ed Slott, CPA, in this fast-paced, jam-packed episode about the impact of the CARES Act on RMDs: What is the new RMD rule under the CARES Act and how does it work? Who is eligible to waive the...
Apr 17, 2020•20 min
Guests: Martin Shenkman, CPA/PFS, MBA, AEP (Distinguished), JD Increased health risks related to COVID-19, social distancing mandates, and the financial aspects of the CARES Act and other legislation has rapidly and dramatically changed the way CPA financial planners are practicing and serving their clients. There are practical considerations you can address and steps you can take in your practice to make sure you are providing the same high level of service with your clients’ best interest in m...
Apr 10, 2020•26 min
Guests: Martin Shenkman, CPA/PFS, MBA, AEP (Distinguished), JD Increased health risks related to COVID-19 and the financial aspects of the CARES Act and other financial legislation – all during an election year, compounds the complexity of the tax and financial planning landscape. There are issues you can address and steps you can take with your clients to make sure they are protected. In this episode, Martin Shenkman, CPA/PFS, JD shares insights into: What are the estate planning basics that mu...
Apr 03, 2020•33 min
Guests: Bob Keebler, CPA/PFS and Chris Hesse, CPA In response to the coronavirus (COVID-19) pandemic, Congress has passed the anticipated Coronavirus Aid Relief and Economic Security Act (H.R. 748) to bring the resources of the federal government to protect the health and well-being of Americans. Join Bob Keebler, CPA/PFS, and Chris Hesse, CPA and chair of the AICPA Tax Executive Committee, as they discuss AICPA advocacy for the profession and some of the key provisions to help you connect the d...
Mar 31, 2020•31 min
Guests: Bob Keebler, CPA/PFS In this episode, Bob Keebler, CPA/PFS, shares tax planning ideas that are important to consider with families of recent decedents amid record low oil prices and bond rates coupled with market losses, including: How can you leverage the loss harvesting strategy to tactfully offset gains over the next few years without violating the wash sale rules or your fiduciary responsibility? How do you create liquidity while coordinating with the alternative valuation date? When...
Mar 27, 2020•13 min
Guests: Bob Keebler, CPA/PFS and Dave Stolz, CPA/PFS Now is a time when many people are having anxiety about the current and future state of their investment portfolio. Those who have a good understanding of markets are confident that all will be well in the long term and will hold steady so they don’t miss the market surge. For particularly nervous clients, it is important to communicate how their cash and investment portfolio are protected in a doomsday scenario, reinforcing your value and rea...
Mar 23, 2020•12 min
Guest: Bob Keebler, CPA/PFS Health concerns related to COVID-19 are top of mind and finances are likely a close second. No one can control market volatility and often the portfolio advice during this time is to hold steady. However, there are proactive income tax planning techniques that work well in a volatile market, reinforcing your value and reassuring your clients that you have their best interest at the forefront of all you do. In this episode, Bob Keebler, CPA/PFS, shares ideas to conside...
Mar 20, 2020•15 min
Guests: Susan Tillery, CPA/PFS and Dave Stolz, CPA/PFS COVID-19 is bringing much change and uncertainty to the world and it’s important to find calm amid the chaos. No one can control market volatility, with fear being a major influencer on the fluctuations, though investment principles have not changed. In this episode, Susan Tillery, CPA/PFS, chair of the PFP Executive Committee, and Dave Stolz, CPA/PFS, chair of the PFS Credential Committee, share how they are putting their clients first – an...
Mar 19, 2020•24 min
Guests: Lyle Benson, CPA/PFS & Michael Goodman, CPA/PFS In this episode, Lyle Benson, CPA/PFS and Michael Goodman, CPA/PFS give you an inside look at AICPA PFP Summit, including: What makes PFP Summit unique and different Highlights from PFP Summit sessions and how can you implement them in your own practice, such as: Engaging with Generation Next Using mindfulness in your practice Measuring client satisfaction and where do you focus your energy on improvements Engaging clients in the planni...
Mar 13, 2020•25 min
Guests: Michael Goodman, CPA/PFS In this encore* episode, Michael Goodman, CPA/PFS interview generation 2 (G2) members, Chris Benson and Eric Hehman, about succession planning for personal financial planners, including: The business models and background of each’s succession planning experience How the succession planning process was initiated and what happened next Balancing formal and informal elements of the succession plan development Discussion of the timeline and shift in roles and respons...
Mar 06, 2020•48 min
Guests: Bob Keebler, CPA/PFS, and Lyle Benson, CPA/PFS In this episode, recorded at the close of markets on February 28th, Lyle Benson, CPA/PFS, and Bob Keebler, CPA/PFS, discuss: How to communicate with clients during this uncertain time to bring them peace of mind and keep them focused on the long-term perspective and purpose of their investment strategy Income and estate planning techniques that work well in a volatile market and low interest rate environment, including Roth conversations, ga...
Mar 03, 2020•18 min
Guest: Michael Goodman, CPA/PFS In this encore* episode, Michael Goodman, CPA/PFS interview generation 1 (G1) members– Lyle Benson, Beth Gamel, and Steve Levey^– about succession planning for personal financial planners, including: The business models and background of each’s succession planning experience The genesis of the succession plan vision How advisors can overcome obstacles, like fear, in order to take the first steps toward succession planning The importance of succession planning to a...
Feb 28, 2020•49 min
Guests: David DeVoe & Michael Goodman, CPA/PFS In this encore* episode, Michael Goodman, CPA/PFS interviews expert, David DeVoe, Founder and Managing Director, DeVoe & Company, about succession planning for personal financial planners, including: How David’s practitioner perspective and his entrepreneurship led him to become an expert in succession planning for financial planners How succession planning has evolved and why industry demographics make it critically important The primary re...
Feb 21, 2020•28 min
Guest: Bob Keebler, CPA/PFS In this 40-minute in-depth episode, Bob Keebler CPA/PFS walks you through the mathematics of the SECURE Act, including: What are the three best solutions to address the 10-year rule that eliminates Stretch IRAs and how do you apply them? What are special circumstances you need to address and how do you apply the appropriate strategies? How do you run the numbers to determine the best strategies to use with your clients? Access the related resources from this podcast: ...
Feb 14, 2020•41 min
Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the key tax and planning strategies to focus on for the families you serve? How can you use a disclaimer for 2019 deaths to use the life expectancy rules? What is the “ghost” rule and when doe...
Feb 07, 2020•15 min
Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the post-mortem payout rules? What are the mathematical solutions and strategies to help clients simulate the stretch IRA? Access the related resources from this podcast: H.R.1994 - Setting Ev...
Jan 31, 2020•16 min
Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the requirements for a “safe haven” or conduit trust? How do you avoid a “conduit trust disaster”? When is it useful to use conduit trusts? Access the related resources from this podcast: H.R....
Jan 24, 2020•8 min
Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What is the key issue with trusts under the SECURE Act? What is the “conduit trust disaster”? When is it useful to use conduit trusts? What are rules for beneficiaries and exception beneficiaries? Acce...
Jan 17, 2020•15 min
Guest: Bob Keebler, CPA/PFS Now that the SECURE Act is in effect, you need to know how this impacts your clients’ financial plans and what you can do to best serve them. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the 5 eligible beneficiary exceptions under the provisions of the SECURE Act? What solutions using trusts should you analyze to help your clients? What does this mean for your clients in 2020 ...
Jan 10, 2020•8 min
Guest: Bob Keebler, CPA/PFS In T.D. 9884 , the IRS finalized proposed regulations issued in November 2018 (REG-106706-18), amending Regs. Sec. 20.2010-1 to conform with the temporary increase in the basic exclusion amount for estate and gift tax enacted by the Tax Cuts and Jobs Act. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients: What is the basic exclusion amount (BEA) and supplemental BEA? What are some examples showing the computa...
Dec 27, 2019•12 min
Guest: Nadine Gordon Lee, CPA/PFS, CFP®, Managing Director, Metro NY Offices & President, Colony Group Family Office Philanthropic planning is a unique opportunity for CPAs to help clients plan to use their wealth to support the public good. In this episode, Nadine Lee, CPA/PFS shares how you can help clients simplify and optimize gifting to charities by establishing donor advised funds. What are the top five reasons to use a donor advised fund? What are the tax opportunities you need to kno...
Dec 20, 2019•25 min
Guest: Robert Keebler, CPA/PFS The SECURE Act passes as part of a spending package and is expected to be signed into law by the President before the end of the year to avoid a government shutdown. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge and solutions that will help you best serve your clients: What are the important provisions of the SECURE Act that you need to know? What are the most urgent issues to address with your clients? What other solutions should you analy...
Dec 17, 2019•20 min
Guest: Robert Keebler, CPA/PFS After nearly 20 years since the current set of life expectancy tables were released by the IRS, the IRS released proposed regulations to update these tables for an increase in the average lifespan. In this episode, Bob Keebler, CPA/PFS will discuss practical knowledge that will help best serve your clients: What are the changes you need to know about? What is the impact on lifetime RMDs? What are the transitional rules? When do they become effective? What are the t...
Nov 29, 2019•15 min
Guest: Ryan Firth, CPA & Shehan Chandrasekera, CPA Virtual currency experts Ryan Firth, CPA and Shehan Chandrasekera, CPA will discuss what you need to know about the recent IRS revenue ruling on virtual currencies to help you advise your clients: What is virtual currency and cryptocurrency? What are hard forks and airdrops? What are the key takeaways from the IRS Q&A? What are the practical challenges you need to be aware of? How can you help your clients who transact in cryptocurrency?...
Nov 22, 2019•31 min
