The Thursday Report – Issue 329

By Info | September 21, 2022 | Comments Off on The Thursday Report – Issue 329





 

 

 

 

 

 

Thursday, September 15th, 2022

  September – Issue #329

 

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The world pays tribute to Her Majesty the Queen, as she reigned queen for 70 years. We know her for her heroic role in joining the Women’s Auxiliary Territory Service (ATS), her guidance in the transformation to commonwealth, making succession more equitable, her charity work, supporting racial justice and much more. We give our condolences to the royal family in their time of mourning.

Coming from the Law Offices of Gassman, Crotty & Denicolo, P.A. in Clearwater, FL.

Edited By: Brandon Ketron

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Please Note: Gassman, Crotty, & Denicolo, P.A. will be sending the Thursday Report out during the first week of every month.

Article 1

COVID-19: Updated CDC and EEOC Guidance – September 2022

Written By: Joan M. Vecchioli, Colleen M. Flynn, & Rachael L. Wood

Article 2

Designated and Disregarded Beneficiaries Under the New IRA Proposed Regulations

Written By: Alan Gassman, JD, LL.M. (Taxation), AEP® (Distinguished), Brandon Ketron, JD, LL.M. (Taxation), CPA & Christopher Denicolo, J.D., LL.M.

Article 3

IRS Issues Proposed Regulations for the Present Value of 
Estate Tax Deductions, Estate Administration

Written By: Alan Gassman, JD, LL.M. (Taxation), AEP® (Distinguished) & Brandon Ketron,JD, LL.M. (Taxation), CPA

Article 4

Excerpt from 50 Ways to Leave Your Legacy – Charitable Planning Strategies You Forgot or Didn’t Know about – Charitable Planning for Real Estate Investors, Developers, and Others

Written By: Alan Gassman, JD, LL.M. (Taxation), AEP® (Distinguished)

Forbes Corner

What the IRS Can Learn for The Florida Bar Tax Section: Comments To Clawback Proposed Regulations

Written By: Alan Gassman, JD, LL.M. (Taxation), AEP® (Distinguished)

For Finkel’s Followers

Why “Staying On Top Of Everything” Can Be Bad For Business

Written By: David Finkel

Free Saturday Webinar

Trust Arrangement For Children: What Planners and Their Clients Need To Know

Presented By: Alan Gassman

More Upcoming Events

YouTube Library

Humor

 
 

 

Article 1

COVID-19: Updated CDC and EEOC Guidance

Written By: Joan M. Vecchioli (joanv@jpfirm.com), Colleen M. Flynn (colleenf@jpfirm.com) & Rachael L. Wood (rachaelw@jpfirm.com)

Although it has been over two years since our first article concerning COVID-19, it is still making the news with updates from both the Centers for Disease Control and Prevention (“CDC”) and the Equal Employment Opportunity Commission.

REVISED ISOLATION GUIDANCE

Recently, the CDC revised its COVID-19 guidance concerning what do to if an individual is exposed to COVID-19 or has COVID-19.  Notably, the CDC no longer requires individuals who have not been vaccinated or are not up to date on their vaccinations to isolate after exposure.  Rather, the CDC now recommends that individuals (regardless of vaccination status) who have been exposed to COVID-19 wear a high-quality mask, such as an N95, for ten full days after exposure and test after five days.  If an individual tests negative, the individual should still continue to wear a high-quality mask until the expiration of the ten-day period.  If the individual tests positive, then the individual should isolate immediately. 

Individuals may end isolation after five days from the date of a positive test (or symptom onset if they develop after the positive test) if the individual either 1) had no symptoms or 2) had symptoms and the symptoms are improving and the individual is fever free for 24 hours without fever reducing medication.  Individuals should still wear a mask through day ten, unless the individual receives two negative antigen tests at least 48 hours apart prior to the expiration of the ten-day period.

Employers should review their policies concerning returning to work after a known exposure or positive test result to make sure that they are consistent with this new CDC guidance.  

COVID-19 AND THE ADA

Over the summer, the Equal Employment Opportunity Commission (“EEOC”) updated its guidance titled “What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws” to reflect the changing landscape of COVID-19.  These updates include guidance on mandatory screening tests, returning to work, pre-employment screening and job offers, reasonable accommodations and confidentiality of test results, among other topics.

MANDATORY SCREENING TESTS

Of particular importance, the EEOC has clarified that an employer may only implement mandatory screening tests for COVID-19 if the employer can show that the screening testing is job-related and consistent with business necessity in accordance with the Americans with Disabilities Act (“ADA”).  In determining whether screening testing meets the “business necessity” standard, employers should consider:

  • The level of community transmission;
  • The vaccination status of employees;
  • The accuracy and speed of processing for different types of COVID-19 viral tests;
  • The degree to which breakthrough infections are possible for the employees who are “up to date” on vaccinations;
  • The ease of transmissibility of the current variant(s);
  • The possible severity of illness from the current variant(s);
  • What types of contacts employees may have with others in the workplace or elsewhere with whom they are required to work (e.g., working with medically vulnerable individuals); and
  • The potential impact on operations if an employee enters the workplace with COVID-19.

The EEOC cautions that in making these assessments employers should review the latest CDC guidance and other relevant sources to determine whether a screening test is appropriate for employees.  The EEOC also clarifies that in accordance with CDC guidance, an antibody test does not meet the ADA’s business necessity standard for medical examinations or inquiries for employees and cannot be required before allowing employees to re-enter the workplace.

RETURNING TO WORK

The EEOC points out that the ADA does allow an employer to require a note from a qualified professional explaining that it is safe for an employee to return to work and that the employee is able to perform the job duties after an employee is out of work due to COVID-19.  The EEOC also states, however, that employers may follow CDC guidance to determine whether it is safe to allow an employee to return to the workplace without confirmation from a medical professional.

PRE-EMPLOYMENT SCREENING AND JOB OFFERS

Under the updated EEOC guidance, an employer may screen an applicant for symptoms of COVID-19 after making a conditional job offer, as long as the employer does so for all entering employees in the same type of job.  An employer may screen an applicant in the pre-offer stage only if the employer screens everyone (i.e., applicants, employees, contractors, visitors, etc.) before permitting entry to the workplace and if the screening is limited to the same screening that everyone else undergoes.

If an applicant tests positive for COVID-19, has symptoms of COVID-19, or has been exposed recently to COVID-19, an employer should consult with CDC guidance to determine when the individual may enter the workplace.  The EEOC explains that an employer may withdraw a job offer if 1) the job requires an immediate start date, 2) the CDC guidance recommends the person not be in proximity to others, and 3) the job requires such proximity to others, whether at the workplace or elsewhere.  Employers should be careful to consider a revised start date or temporary telework given that for some individuals there may be only a short period of time required for isolation.

While an employer may withdraw a job offer under the above conditions, an employer may not postpone the start date or withdraw a job offer because of the employer’s concern that the individual is older, pregnant or has an underlying medical condition that puts the individual at risk from COVID-19.  If the individual has an underlying medical condition that is a disability, the employer must determine whether the individual’s disability poses a “direct threat” by starting immediately and, if so, what reasonable accommodations can be made. 

REASONABLE ACCOMMODATIONS

The updated EEOC guidance makes clear that an employee or a third-party, such as the employee’s physician, must let the employer know that the employee needs a reasonable accommodation because the employee has one of the medical conditions that the CDC says may put a person at higher risk for severe illness from COVID-19.   After receiving a request for accommodation, the employer may ask questions or seek medical documentation to help decide if the individual has a disability under the ADA and if there is a reasonable accommodation, barring undue hardship, that can be provided.  When the employer knows that an employee has one of these conditions and is concerned about the employee’s health, but the employee has not requested a reasonable accommodation, the employer is generally not required to take action in this situation.  As a reminder, the ADA requires that an employee’s disability pose a direct threat to the employee’s health or safety that cannot be eliminated or reduced by reasonable accommodation before an employee may be excluded from the workplace.

If an employee does need a reasonable accommodation, the EEOC provides examples that these accommodations might include additional or enhanced protective gear, air filtration measures, increasing space between the employee and others, the elimination or substitution of “marginal” functions, telework, modifications of work schedules, or moving the location where the individual performs work. 

CONFIDENTIAL MEDICAL INFORMATION

An employee’s COVID-19 test results and vaccine status are confidential medical information under the ADA.  This information may be shared with employees who need it to perform their job duties, but those employees must also keep the information confidential.

Employers should also be aware that the EEOC recently resolved a claim under the Genetic Information Non-Discrimination Act (“GINA”) where the employer was collecting employees’ family members’ COVID-19 testing results.  In the press release, the EEOC explained that GINA prohibits employers from requesting or requiring genetic information about applicants’ or employees’ family members and that “genetic information” includes the manifestation of a disease or disorder in an employee’s family members.

WHAT TO DO NOW

Now is a good time for employers to review their COVID-19 policies and procedures to make sure that they are in compliance with state and federal law and regulatory guidance.  Policies written during the early stages of the pandemic may not reflect the changes in what we know now about COVID-19 and may not be in compliance with current laws, such as Florida Statute § 381.00317, which prohibits a private employer from imposing a COVID-19 vaccination mandate without providing certain individual exemptions.      

Employers can review the full, updated EEOC guidance at What You Should Know About COVID-19 and the ADA, the Rehabilitation Act, and Other EEO Laws.    

Joan M. Vecchioli is a partner in the Clearwater office and is Board Certified in Labor and Employment Law by the Florida Bar.
Colleen M. Flynn is a partner in the Clearwater office whose practice focuses on Labor and Employment Law.
Rachael L. Wood is an associate in the Clearwater office whose practice focuses on Labor and Employment Law.

THIS ARTICLE IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSIDERED LEGAL ADVICE.  LEGAL ADVICE CANNOT BE GIVEN WITHOUT INFORMATION ABOUT YOUR SPECIFIC SITUATION

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Article 2

Designated and Disregarded Beneficiaries Under the New IRA Proposed Regulations

Written By: Alan Gassman, JD, LL.M. (Taxation), AEP® (Distinguished), Brandon Ketron, JD, LL.M. (Taxation), CPA & Christopher Denicolo, J.D., LL.M.

     The Proposed Regulations identify two tiers of Designated Beneficiaries.[1] Tier I includes any beneficiaries of the trust whose benefits “are neither contingent upon nor delayed until the death of another trust beneficiary” who did not predecease the Plan Participant. Tier II includes “any beneficiaries of the trust who could receive amounts in the trust . . . that were not distributed to the [Tier I] beneficiaries, [but only if they cannot benefit until after the death of the Tier I beneficiary or beneficiaries].” If the beneficiary of the See-Through Trust is another trust, the beneficiaries of the second trust are treated as being beneficiaries of the first trust and thus they are considered Designated Beneficiaries. 

    There are multiple situations under the Proposed Regulations in which a beneficiary can be “disregarded” for purposes of determining which payout method applies:

1.    If one of the following events occur prior to September 30th of the calendar year following the year of the Plan Participant’s death: 

        A.    A beneficiary predeceases the Plan Participant. 

        B.    A beneficiary is treated as having predeceased the Plan Participant by reason of a simultaneous death                    provision under applicable state law or via a qualified disclaimer. 

                  C.    A beneficiary receives the entire benefit that the beneficiary is entitled to.

                  D.    If a power of appointment is exercised in favor of one or more beneficiaries, then the other permissible                           appointees are disregarded. 
        
    There are also situations under the Proposed Regulations where trust beneficiaries will be disregarded even if their interest is not eliminated prior to the September 30th Designation Date: 

    1.    An Accumulation Trust Beneficiary Who Can Only Benefit After the Death of Tier I and Tier II Beneficiaries. For Accumulation Trusts only, when entitlement of such beneficiary is conditioned upon the death of any and all Tier I Beneficiaries and at least one Tier II Beneficiary, this type of beneficiary sometimes is referred to as a “Tier III Beneficiary.”

    The Preamble to the Proposed Regulations provides the following example to illustrate this rule: 

[A]ssume that an IRA names a see-through accumulation trust that requires the trustee to pay specified amounts from the trust to the employee’s surviving spouse. Upon the spouse’s death, the see-through trust is to terminate and the amounts remaining in the trust are to be paid to the employee’s brother (who is not more than 10 years younger than the employee, and thus is an Eligible Designated Beneficiary). Further if the employee’s brother survives the employee but predeceases the surviving spouse, then the amounts remaining in the trust after the death of the surviving spouse are to be paid to a charity. 

    In that case, the charity is disregarded as a beneficiary of the employee because the charity could receive only amounts in the trust that are contingent upon the death of the employee’s brother, whose only interest was a residual interest (that is, an interest in the amounts remaining in the trust after the death of the surviving spouse).

    In contrast, the charity would be treated as a beneficiary of the employee if the brother could receive amounts in the trust not subject to any contingencies or contingent upon an event other than the death of the surviving spouse (such as the surviving spouse’s remarriage).

    2.    A Beneficiary Who Can Only Inherit by Surviving a Minor Under a Trust That Pays Out Entirely On or Before the Minor’s 31st Birthday (The “Age 31 Outright Distribution Accumulation Trust”). A beneficiary of a See-Through Trust may also be disregarded when entitlement is conditioned upon the death of a minor (not necessarily a minor child of the Plan Participant) who has not reached the age of majority (21) if the terms of the trust requires full distribution to such minor by the later of (1) the 10th calendar year following the calendar year of the Plan Participant’s death, or (2) the end of the 10th calendar year following the calendar year in which that minor attains age 21.[2]

    The following example from the Preamble illustrates this rule: 

Assume an employee names an [Accumulation] trust as the sole beneficiary, the trust permits specified amounts to be paid to the employee’s niece until the niece reaches age 31 (age of majority plus 10 years). The trust is scheduled to terminate with a full distribution of all trust assets to the niece when the niece reaches age 31, but if the niece dies before this scheduled termination, then the amounts remaining in the trust will be paid to the employee’s sibling. In that case, the only beneficiary designated under the plan for purposes of section 401(a)(9) and these regulations is the employee’s niece because the employee’s sibling is disregarded under the exception described in the preceding paragraph. 

However, if the see-through trust terms do not require a full distribution of amounts in the trust representing the employee’s interest in the plan until the niece reaches age 35, then this exception does not apply, and both the employee’s niece and sibling are treated as beneficiaries designated under the plan for purposes of section 401(a)(9) and these regulations.

    3.    Remainder Beneficiaries of Conduit Trusts Continue to Be Disregarded. Remainder beneficiaries of Conduit Trusts continue to be disregarded. In other words, only beneficiaries that could receive amounts in trust that are neither contingent upon, nor delayed until, the death of another trust beneficiary (Tier I Beneficiaries) must be taken into account. 

    The following example derived from the Proposed Regulations illustrate this rule: [3]

Cathy dies at the age of 30 leaving her retirement plan payable to a trust for the benefit of her 35 year old sibling Doug. If and when Doug dies, the trust will pass to Edward, who is 50.

    Doug is an Eligible Designated Beneficiary because he is not less than ten years younger than Cathy. Since the trust is a Conduit Trust, Edward’s interest can be disregarded and distributions can be paid out over Doug’s life expectancy as an Eligible Designated Beneficiary; however if the Trust was an Accumulation Trust, Edward would be considered a designated beneficiary and, since all trust beneficiaries are not Eligible Designated Beneficiaries, the 10-Year Rule would apply. 

    If the Accumulation Trust instead provided that it was for the benefit of Doug, and that after the death of Doug the trust would be held for the sole benefit of Cathy’s 36 year old half-sibling Frank, and then would only benefit Edward if both Doug and Frank were deceased, then Edward would be disregarded and the lifetime payment rules could apply since all beneficiaries are Eligible Designated Beneficiaries.

______________________________________________________

[1]  § 401(a)(9) did not categorize designated beneficiaries, however §1.401(a)(9)-(4)(f)(3)(I) provides that “[a]ny beneficiary who could receive amounts in the trust representing the employee’s interest in the plan that are neither contingent upon, nor delayed until, the death of another trust beneficiary who did not predecease (and is not treated as having predeceased) the employee; and any beneficiary of an accumulation trust that could receive amounts in the trust representing the employee’s interest in the plan that were not distributed to beneficiaries.”

[2]  § 1.401(a)(9)-4(f)(3)(ii).

[3]  Adaptation from Example 1 in the Proposed Regulations under § 1.401(a)(9)-4(f)(6)§§. (A) Facts. Employer L maintains a defined contribution plan, Plan W. Unmarried Employee C died in 2022 at age 30. Prior to C’s death, C named a testamentary trust (Trust T) that satisfies the requirements of paragraph (f)(2) of this section, as the beneficiary of C’s interest in Plan W. The terms of Trust T require that all distributions received from Plan W, upon receipt by the trustee, be paid directly to D, C’s sibling, who is 5 years older than C. The terms of Trust T also provide that, if D dies before C’s entire account balance has been distributed to D, E, will be the beneficiary of C’s remaining account balance. (B) Analysis. Pursuant to paragraph (f)(1)(ii)(A) of this section, Trust T is a conduit trust. Because Trust T is a conduit trust (meaning the residual beneficiary rule in paragraph (f)(3)(i)(B) of this section does not apply) and because E is only entitled to any portion of C’s account if D dies before the entire account has been distributed, E is disregarded in determining C’s designated beneficiary. Because D is an eligible designated beneficiary, D may use the life expectancy rule of § 1.401(a)(9)-3(c)(4). Accordingly, even if D dies before C’s entire interest in Plan W is distributed to trust T, D’s life expectancy continues to be used to determine the applicable denominator.

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Article 3

IRS Issues Proposed Regulations for the Present Value of 
Estate Tax Deductions, Estate Administration (Part 1 of 2)

Written By: Alan Gassman, JD, LL.M. (Taxation), AEP® (Distinguished) & Brandon Ketron,JD, LL.M. (Taxation), CPA

Executive Summary.

On June 28, 2022, the IRS published Proposed Regulations pursuant to Internal Revenue Code Section 2053.[1],[2]

If the Proposed Regulations are enacted, they will make probate administration and completion of federal estate tax returns for some estates more complex, more costly to address, and more costly to the estate in terms of non-deductible interest charges. Some deductions will be reduced, and other will be eliminated entirely. Appraisals will now be required for debts that previously did not require appraisals. In some instances, return preparers may have to obtain, or may merely choose to obtain, third party analysis of certain deductions.  In 2026 when the exemption is reduced by half, more estates will be subject to estate tax and the new rules will have an impact on a larger number of estates.

Under Internal Revenue Code Section 2053, certain liabilities and expenses that are paid or incurred to satisfy the obligations of a deceased person’s estate may be deductible for federal estate tax purposes. The IRS proposed regulations in 2009 that would have required certain liabilities and expenses to be discounted to take into account the time value of money when they were to be paid well after the death of a decedent.  The Final Regulations published in 2009 set forth the use of post-death events in determining deductible amounts for expenses and claims against the estate, and dropped the present value concepts; however the IRS stated that they would continue to assess the use of present value concepts for future regulations.[3] The newly issued proposed regulations complete the 2009 revisions by adding present value concepts for items paid after a three-year grace period.

In addition, the Proposed Regulations provide guidance on the deductibility of interest expense accruing on tax and penalties owed by an estate, and interest expense accruing on certain loan obligations incurred by an estate. These rules are harsh and create increased risk to tax preparers.

The Proposed Regulations also amend and clarify the requirements for substantiating the value of a claim against an estate that is deductible in certain cases. These will result in return preparers obtaining third party appraisals and analysis in instances where under current law the preparer would complete any calculations or evaluation on their own.  Finally, the Proposed Regulations provide guidance on the deductibility of amounts paid under a decedent’s personal guarantee.

Section 2053 Basics

Section 2053 generally allows for an estate to deduct certain expenses, claims and debts of the decedent from the value of the gross estate in determining the value of the net taxable estate. These include (1) funeral expenses, (2) administration expenses, (3) claims against the estate, and (4) unpaid mortgages where the value of the property subject to such mortgage is included in the gross estate.

Deductions under Section 2053 for the items listed above are limited to (1) the value of property included in the gross estate that is subject to claims plus (2) amounts paid out of property not subject to claims that is paid prior to the due date of the Estate Tax Return.

A deduction is also allowed for expenses incurred in administering property that is not subject to claims but that is includible in the gross estate if such expenses are “occasioned by the decedent’s death and incurred in settling the decedent’s interest in the property or vesting good title to the property in the beneficiaries.”  In order to be deductible, all expenses under this category must be paid prior to the end of the 3 year limitations for assessments period. 

Regulations issued in 2009 required that in order for an expense or claim to be deductible it must be bona fide in nature, and that no deduction would be permissible to the extent “it is founded on a transfer that is essentially donative in character (a mere cloak for a gift or bequest).”

Existing Treasury Regulations also allow a deduction for unpaid amounts if the amount to be paid is ascertainable with reasonable certainty and will in fact be paid. The claim or expense must not be contingent or contested, or based on a vague or uncertain estimate in under to be deductible prior to payment. If the uncertainty extends beyond the time period for filing a claim for refund, then the estate may file a protective claim for refund to preserve the estate’s right to claim a refund when the claim or expense is actually paid, or becomes ascertainable with reasonable certainty.

The Proposed Regulations.

Present Value Concepts

The Preamble to the Proposed Regulations states that limiting the amount deductible to the present value of the amounts paid after an extended post-death period will more accurately reflect the economic realities of the transaction, and the true economic cost of that expense or claim. Accordingly, the Proposed Regulations incorporate present-value principles in determining the amount deductible for claims and expenses, subject to certain exceptions (including exceptions for unpaid principal of mortgages and certain other indebtedness). It is unclear whether the exception for mortgages may provide a planning opportunity to mitigate against any of the new harsher rules.

The Three-Year Grace Period.

The Proposed Regulations provide a simplifying approach to present valuing certain debts by exempting relatively short estate administrations. This is accomplished by introducing a general three-year safe harbor before any present value discounting will be required.  This should effectively exempt most simple estates from the complications proposed as presumably such estates would make all payments within the three-year grace period.

The three-year period “takes into account a reasonable time for administering and closing the estate,” while not being an overly long amount of time such that the lack of present value discounting would significantly distort the value of the net (distributable) estate. Thus, applying present-value principles in computing the deductible amount of those claims and expenses paid more than three years after the decedent’s death “strikes an appropriate balance between benefits and burdens.” As a result of the three year grace period the interest rates that apply will therefore be the federal mid-term rate or long-term rate, since only contingencies three years or later past the date of death are to be discounted.

Thus, a liability or expense that is paid more than three years after the anniversary date of the decedent’s date of death would be discounted under the Proposed Regulations by the applicable federal rate that applies to the month in which the decedent’s death occurs, compounded annually.

Calculations.

The discount rate to be used is the applicable federal rate determined under IRC Section 1274(d) for the month in which the decedent’s date of death occurs, compounded annually.

The payments are to be discounted from the “expected date.”  The expected date “must be determined using all information reasonably available to the taxpayer to make a fair and reasonable estimate of the expected date or dates of payment” which must be identified in a qualified written appraisal.[4]

The Proposed Regulations would apply the present-value principles to expenses and claims without regard to whether they are contingent; however, the one exception to the present value discounting is provided for unpaid mortgage principal or other indebtedness deductible under Treas. Reg. §20.2053-7.

The midterm applicable federal rate would be used if the liability or expense is expected to be paid more than three years after the death of the decedent but within nine years, and the long term applicable federal rate will apply if the liability or expense is expected to be paid more than nine years after the date of death. The short term applicable federal rate cannot apply because it would be within the three year grace period when discounting is not required.

The Proposed Regulations indicate that “reasonable assumptions and methodology can be used” to calculate the present value of the post-grace period payment(s). The revisions and addition to Section 20.2053-4 read as follows:

 

The value of each such claim against the estate is supported by a written appraisal document to be filed with the Form 706, or successor form, and the written appraisal document—

           (A) Adequately reflects post-death events that have occurred prior to the date on which a deduction is claimed on an estate’s Form 706;

           (B) Reports, considers, and appropriately weighs all relevant facts and elements of value as are known or are reasonably determinable at the time of the appraisal, including the underlying facts of the claim against the estate, potential litigating risks, and the current status of the claim and procedural history;

           (C) Takes into account post-death events reasonably anticipated to occur;

           (D) Identifies an expected date or dates of payment (for purposes of determining the applicability of the present value limitation in § 20.2053-1(d)(6));

           (E) Explains in detail the methods and analysis that support the appraisal’s conclusions;

 

Thus, it appears that rather than mandating a specific formula the Proposed Regulations permit any reasonable approach to the analysis. “Any reasonable assumptions and methodology in regard to time period measurements may be used to calculate, in accordance with paragraph (d)(6)(ii) of this section, the present value of the post-grace-period payment(s).” Practitioners may consider the benefits of having an appraiser perform the analysis in the event that they may be able to justify a more favorable approach than what the practitioner may calculate.

The import of the above is that estate tax return preparation will have to change. If the return preparer is a law firm, will an attorney be deemed to have the requisite expertise to complete the above analysis of a claim? Does an attorney have the training to “appropriately weigh” the factors indicated above? If that is even questionable, might it be preferable for counsel preparing a Form 706 to hire an outside expert to address the above issues?

The reasonable assumptions or methodology consider: (a) a facts and circumstances analysis, or (b) the use of actuarial tables. Fair market value generally involves estimates and both of these methods of valuation require the knowledge of the facts. With respect to valuation of gifts or assets included in the decedent’s gross estate, courts routinely determine fair market value by looking at transactions occurring after the decedent’s date of death, as long as these facts were reasonably foreseeable. To value a deduction under Treasury Regulation Section 2053, relevant post-death facts when interpreting the claim’s date-of-death value will have to be considered.

The above process will add potentially significant cost and complexity to the administration of estates with claims to be valued under the Proposed Regulations.

The Proposed Regulations provide guidance on calculating the present value of amounts paid or payable, with respect to the grace period in Section 20.2053-1(d)(6):

(A) Single post-grace-period payment. The amount deductible under section 2053 for a single post-grace-period payment is computed by calculating the present value of such payment as follows:

           Amount of future payment × [1 ÷ (1 + i)]t

           Where:

           t  is the amount of time (expressed in years and fractions of years) from the day after the decedent’s date of death to the payment date or expected date of payment; and

           i  is the applicable discount rate.

(B) Multiple post-grace-period payments. The amount deductible under section 2053 for multiple post-grace-period payments is computed by calculating the present value of each such payment using the formula in [paragraph (A)] of this section; the sum of the discounted amounts of the post-grace-period payments is the amount that is deductible for such payments.

The calculations should not be that difficult mechanically to make in many instances, and practitioners will need to become familiar with using the above formula or present value calculations in Microsoft Excel or similar software. They will be more complex if there are varying payments over many separate years as each payment will need to be separately discounted and aggregated to compute the final deductible amount. Also, once the Regulations are finalized it would seem likely that the software companies that practitioners commonly use to make an array of estate planning calculations will add to their offerings software to make the calculations required under the then new Regulations. Even with those offerings return preparers will need to consider whether it would be preferable to have a third-party expert, e.g., a valuation firm, provide a report with the calculations. 

 

Example: A simple example to illustrate the present value calculation is as follows.

Decedent has a debt of $100,000 due in four years, she will pay it as a lump sum, and the applicable interest rate when Decedent dies is 4%.

The calculation is as follows: $100,000 × [1 ÷ (1+0.04)4] = $85,480.42. Therefore, under the Proposed Regulations, Decedent or her estate must pay the $100,000 debt in full four years from now, but he may only deduct $85,480.42 from the estate under the present value calculation.

The calculations may be more complex if the debtor is required to make annual or monthly payments, rather than the lump sum from the example given.

To clarify, payments under the obligation made during the three-year grace period do not need to be discounted. This would also include payments which are part of a stream of payments that exceed the grace period. So, if the particular obligation requires payment each year for 12 years, the payments made within the first three years of the date of death are not discounted but the remaining nine payments would be discounted.

Example: This is based on the Example 4 in the Proposed Regulations:

Example 4: Discounting amount paid more than three years after decedent’s date of death.…E files a timely protective claim for refund in accordance with paragraph (d)(5) of this section to preserve the estate’s right to claim a refund, a final judgment in the amount of $100x is entered against and paid by the estate precisely five years after D’s date of death, and the applicable Federal (mid-term) rate determined under section 1274(d) for the month in which D’s date of death occurs, compounded annually, is 2.00%. Within a reasonable period of time after the final judgment is entered, E notifies the Commissioner that the contingency has been resolved. E may claim a deduction for the present value of the amount paid in satisfaction of the claim as of D’s date of death. Under the facts in this paragraph (d)(7)(iv), the present value of the amount paid in five years equals $100x / (1 + .0200)5 or $100x/1.104081 or $90.57x.”

The above example illustrates how the calculation is made. Also, the example illustrates how the claim is not made on the original return because of an outstanding contingency, but rather after the contingency is resolved, the executor must notify the IRS and files an amended return. This requires that a claim was preserved on the initial filed estate tax return.  This is discussed in the section below.

Example: This is based on Example 6 in the Proposed Regulations:

Example 6: Discounting amount to be paid for series of payments payable over a period that does not end on or before the third anniversary of the decedent’s death. Pursuant to the terms of a divorce and separation agreement entered on June 1 of Year 1, Decedent (D) is obligated to make annual payments of $100x to Claimant (C) on September 1 of year 1 and each September 1st thereafter until D has made a total of 10 such payments. D dies on December 1 of Year 5 after having made the first five annual payments required under the agreement. The applicable Federal (mid-term) rate determined under section 1274(d) for the month in which D’s death occurs, compounded annually, is 2.00%. The executor of D’s estate (E) may claim a deduction with respect to C’s claim on D’s Form 706 under the special rule contained in paragraph (d)(4) of this section because the deductible amount can be ascertained with reasonable certainty. E computes the discounted deductible amount of the claim by adding the undiscounted amount of the three payments that will be made before the third anniversary of D’s death ($300x) to the discounted amounts of the two payments that will be made after the third anniversary of D’s death. Accordingly, the amount deductible for the claim equals $483.866x ($300x + $92.843x + $91.023x). The individual calculations for the present values of the payments in the last two years of the payment obligation are shown in table 1 to this paragraph (d)(7)(vi).”

This example illustrates the interplay of the 3-year grace period when there is a multi-year payment. The example, however, does not address the possible contingency that the payments to the ex-spouse may cease on the death of the ex-spouse. If that were to be the case, and the matrimonial settlement agreements would have to be reviewed to identify whether it would, then an actuarial analysis may be necessary if the amount is to be deducted on the return and a determination would have to be made as to how to report the cessation of the payments due to the death of the ex-spouse. The Proposed Regulations do not appear to address this situation.

[1] Guidance Under Section 2053 Regarding Deduction for Interest Expense and Amounts Paid Under a Personal Guarantee, Certain Substantiation Requirements, and Applicability of Present Value Concepts, 87 Fed. Reg. 38331 (proposed June 28, 2022) (to be codified at 26 C.F.R. 20).

[2] Electronic or written comments must be received by September 26, 2022. The public hearing is being held by teleconference on October 12, 2022, at 10 a.m. EST.

[3] Final regulations amending the regulations under Section 2053 (TD 9468) were published in the Federal Register (74 FR 53652) on October 20, 2009 (2009 Final Regulations).

[4] Treas. Reg. §20.2053-4.

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Article 4

Excerpt from 50 Ways to Leave Your Legacy – Charitable Planning Strategies You Forgot or Didn’t Know about – Charitable Planning for Real Estate Investors, Developers, and Others

Written By: Alan Gassman, JD, LL.M. (Taxation), AEP® (Distinguished)

CHAPTER 1:INTRODUCTION

    The Internal Revenue Code and Regulations encourage and influence charitable giving and activities by providing tax incentives and strict rules with respect to contributions and uses of monies and assets transferred to or for the use of charitable organizations and activities. 

    This book is intended provide an intermediary and advanced summary of these rules, as they apply to affluent donors and those who have involvement with what can occur on the charitable playing field. 

    This book is intended to be a practical and readable resource for professional advisors and dedicated charitable entity officers and employees, but does not cover many basic items, such as all of the nooks and crannies that exist for income tax purposes when an individual or business entity makes a charitable contribution, or all of the different types of charitable entities that may be used for tax and general charitable purposes.

    A.    Charitable Tools and Primary Rules

    By very brief summary of the primary income tax rules relating to charitable giving, each U.S. taxpayer can deduct up to $300 in contributions made to entities that qualify as Public Charities or Private Operating Foundations, but not Private Non-Operating Foundations. Married couples filing jointly can take a total deduction of $600. For the 2021 tax year, those married and filing jointly can take a total deduction of $600.

    Further, individuals who itemize their deductions and therefore have more than $12,950 for 2022 in itemized deductions, if single, or $25,900 for 2022 in itemized deductions, if married, for 2022 can deduct charitable contributions. 

    The itemized deductions include deductions permitted for real estate taxes (not exceeding $10,000 per taxpayer or jointly filing married couple), certain types and amounts of interest paid on a home and second home, medical and dental expenses exceeding 7.5% of the taxpayer’s adjusted gross income, charitable contributions, long-term care insurance premiums, certain casualty and theft losses, job expenses, and the miscellaneous deductions (limited to 2% of adjusted gross income).

    Many affluent taxpayers “bunch their deductions” by donating to charity every 2, 3, or 4 years instead of annually to be well over the standard deduction amount in the years they make transfers to charities. 

    For example, a single individual who would normally give $10,000 per year to charity and has only $11,000 in itemized deductions other than charity could give $30,000 in 2022 to a donor-advised fund or other charity and have total deductions of $41,000 ($28,050 more than the individual itemized deduction amount) of $12,950 to save $15,170 in federal income taxes if he or she is in the 37% bracket.

    The donor advised fund may transfer $10,000 per year to Public Charities selected by the individual, and the individual may give another $30,000 to the donor advised fund in year 4.

    In addition to income tax savings there can be significant income tax savings or deferral if and when an IRA or pension or ordinary income vehicle is made payable to a 501(c)(3) organization or a charitable remainder trust.

    Additionally, a “complex trust” can pay all of its income to a charity and receive the equivalent of a 100% income tax deduction without regard to its adjusted gross income or the adjusted gross income of the grantor of the trust or its non-charitable beneficiaries.

    The $100,000 per year per donor “Qualified Charitable Distribution IRA Transfer Exception” allows charitable transfers to count towards the minimum distribution requirements and a tax-free transfer of IRA monies or assets from an IRA to a Public Charity or Private Operating Foundation (but not to a donor-advised fund) by an IRA holder who is at least 70½ years old. Many affluent charitable IRA owners therefore make transfers from the IRA to a Public Charity or Private Operating Foundation.

    While many donors give cash to charitable organizations, it is normally advantageous to give appreciated assets that would otherwise be subject to capital gains tax if they were sold.

    In general, the gift of an appreciated asset to a charitable organization will result in an income tax deduction based upon the tax basis, and not the fair market value, of the asset given, unless one of several exceptions apply.

    These rules sometimes work differently when the donation is to a particular kind of charitable organization. The discussion of the various kinds of charitable organizations is set forth below, but in general, Public Charities and Private Operating Foundations enjoy the best and same treatment when it comes to the donation of appreciated assets, with Private (Non-Operating) Foundations not being treated as well in many situations.

    A simplified explanation with respect to this is as follows:

    1.    Appreciated securities that qualify as appreciated long-term capital gain property can be donated to a Private Foundation, Private Operating Foundation, or a Public Charity for a fair market value income tax deduction of up to 20% of the adjusted gross income of the donor if the donation is to a Private Non-Operating Foundation, or up to 30% if the donation is to a Private Operating Foundation or a Public Charity.

    The donation of appreciated assets to a Private Operating Foundation or Public Charity will normally qualify for a tax deduction of up to 30% of adjusted gross income, as opposed to the 20% threshold that applies when appreciated securities are transferred to a Private Foundation, with the same 5-year carryover rule to applying.

    2.    If the donation exceeds the 20% or 30% threshold then it can be carried over for up to 5 subsequent calendar years.

    3.    No other appreciated assets besides appreciated marketable securities can yield a fair market value donation if given to a Private Foundation.

    Donations of long term capital gain assets other than marketable securities to a Private Foundation are valued at basis and can only offset a maximum of 20% of adjusted gross income.

    4.    Appreciated jewelry, physical artwork, and other tangible non-real-estate assets can be donated and deducted at fair market value, whether to a Private Foundation, a Private Operating Foundation, or a Public Charity as long as the asset or assets are donated for a use by the charity that is related “to the purpose or function constituting the basis for its exemption.” 
Many donors take advantage of the 20% or 30% capital gains limitation set forth above (20% for a Private Non-Operating Foundation, 30% for a Private Operating Foundation or Public Charity), and then donate cash of up to another 20% for a Private Operating Foundation or Public Charity for a total of 50%.

    A few taxpayers will take advantage of the ability to give up to 60% of adjusted gross income if it is all given in cash.

    5.    This is why jewelry given to universities and other charities is often displayed, so as to be considered as used by the charitable organization, and why collections of cars, airplanes, or other valuable tangible assets are commonly given to museums that will display them or foundations that will loan them out to museums that are open to the general public. 

    6.    Appreciated real estate and other assets not constituting marketable securities can be donated to a Private Operating Foundation or Public Charity for a fair market value deduction, but not to the extent that ordinary income would be recognized on the sale of the property such as to the extent that an IRC § 179 deduction was taken as “component depreciation” when the property was acquired or improved, or accelerated depreciation was taken.

    7.    Notwithstanding that a fair market value deduction may be permitted under the rules above, a taxpayer can elect to deduct the basis of the property instead of its fair market value in order to not be subject to the 20% or 30% limitation above and instead have a 50% limitation apply, as discussed below.

    8.    Cash donations to a Private Operating Foundation can be used to offset up to 60% of the donor’s adjusted gross income. 

    9.    For example, donations of long term capital gain assets are valued at fair market value and can be deducted to the extent of 30% of adjusted gross income when made to a Private Operating Foundation.

 

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Forbes Corner

What the IRS Can Learn from The Florida Bar Tax Section: Comments To Clawback Proposed Regulations

Written By: Alan Gassman, JD, LL.M, AEP (Distinguished)

On July 26, 2022, the Tax Section of the Florida Bar (the “Tax Section”) submitted “Comments on Proposed Treasury Regulations Relating to the Basic Exclusion Amount Applicable to the Computation of Federal Estate and Gift Taxes.”… Continue Reading on Forbes.

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For Finkel’s Followers

Why “Staying On Top Of Everything” Can Be Bad For Business

Written By: David Finkel; Author, CEO, and Business Coach

As a business coach I talk to thousands of business owners every year. Many of whom are struggling to keep up with growth and demand. No matter how many hours they work, or how many to-do lists they make they can’t seem to “stay on top of everything.” and they come to my firm looking for help. And in 99.9% of the cases, working more hours or having another to-do list is never the answer.

The Red Flag

“David, I can’t seem to stay on top of everything….”

Such a simple phrase on the surface, but what it really means is.

“David, I can’t control everything.”

To which, my answer is: “Good! You aren’t supposed to!”

Trying to be on top of everything, usually is a sign that you are doing too much and trying to micromanage your team. Which will have the opposite effect on your growth and ability to scale.

What You Really Want

Instead of trying to be on “top of everything,” what you really want is to have insight into where your business is going, and what are the most important areas that you need to pay attention to. Do you really need to sign every vendor or payroll check? Do you need to see every customer service email that comes in? Or vet the vendor that is going to fix your plumbing in the employee bathroom? No. That’s why you have competent team members to handle those tasks. You need to spend your time and energy on tracking the key performance indicators that matter to your business, and focus your time on improving those KPI’s to help your business grow. The “other” stuff can and should be done by your employees.

A Word on Responsibility

Oftentimes, when I suggest to a business owner that the real problem is not that they can’t keep on top of everything but the idea that they think that they need to I often get push back and they cite a time that an employee messed up, or forgot something important that caused a bigger problem to arise. And while this can happen to leaders that “are on top of everything” chances are that the problem arose due to something else entirely. Did you hire the wrong person for the job? Did you do a poor job of delegating the task to another team member? Was there a gap in the follow up process? The likelihood of it being a procedural issue is extremely high, which means that with a little bit of preparation and planning that problem could be avoided in the future, without you having to micromanage the task.

Trying to “stay on top of everything” means that at the end of the day you don’t have enough energy and focus to help your business grow. So invest in competent team members and practice delegating and letting go. You will make mistakes and things will slip through the cracks, but the more you practice the better you will get. Not only will it free you up to do more important work, but your stress level and work-life balance will be much more manageable.

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Free Saturday Webinar

Date: Saturday, September 17, 2022 

Time: 11:00 AM to 12:00 PM EDT (60 minutes)

Presented by: Alan Gassman, JD, LL.M. (Taxation), AEP (Distinguished)

REGISTER HERE

Please Note:

This is a complimentary webinar program. After registering, you will receive a confirmation email containing information about joining the webinar. Approximately 3-5 hours after the program concludes, the recording and materials will be sent to the email address you registered with.

GUEST SPEAKER TRAVIS FINCHUM PRESENTS:

Please email registration questions to info@gassmanpa.com.

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All Upcoming Events

Click this link to be auto-registered for all upcoming free webinars from our firm (Non-CPE Credit only).

Saturday, September 17, 2022

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Alan Gassman Presents:

TRUST ARRANGEMENTS FOR CHILDREN: WHAT PLANNERS & THEIR CLIENTS NEED TO KNOW

11:00 AM to 12:00 PM EDT

(60 minutes)

Guest Speaker Travis Finchum Presents: 

MEDICAID & OTHER ELIGIBILITY PLANNING: WHAT ESTATE PLANNERS AND PLANNES NEED TO KNOW

12:00 PM to 12:30 PM ET

(30 Minutes)

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Tuesday,

September 20, 2022

53rd UJA-Federation Annual Sidney Kess New York Estate, Tax & Financial Planning Conference

Alan Gassman, Stanley Baumblatt, Jeremiah Doyle, & Martin Shenkman Present:

CHARITABLE GIFTS OF VARIOUS ASSETS

12:00 PM to 12:50 PM EDT

(50 minutes)

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Wednesday,

September 21, 2022

53rd UJA-Federation Annual Sidney Kess New York Estate, Tax & Financial Planning Conference

Alan Gassman Presents:

50 WAYS TO LEAVE YOUR LEGACY: CHARITABLE PLANNING STRATEGIES YOU FORGOT OR DIDN’T KNOW ABOUT

3:00 PM to 3:50 PM EDT

(50 minutes)

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Saturday, September 24, 2022

 

Free from our Firm

(Virtual Session – *CPE Credits Will Be Offered Through CPAacademy.org)

Alan Gassman & Brandon Ketron Present:

PLANNING WITH CHARITABLE REMAIDER TRUSTS

11:00 AM to 12:00 PM EDT

(60 minutes)

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Wednesday,

September 28, 2022

FL Bar Tax Section

Alan Gassman, Marty Shenkman & Brandon Ketron Present:

ESSENTIAL PLANNING FOR  NOW FOR THE CLAWBACK: UNINTENDED CONSEQUENCES & PLANNING OPPORTUNITIES REVEALED UNDER RECENT PROPOSED REGULATIONS & LITERATURE

12:00 PM to 1:00 PM EDT

(60 minutes)

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Friday,

September 30, 2022

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Alan Gassman & Marty Shenkman Present:

DOMESTIC ASSET PROTECTION TRUSTS FROM A TO Z

3:00 PM to 4:00 PM EDT

(60 minutes)

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Saturday, October 1, 2022

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Alan Gassman Presents:

MATHEMATICS TO ESTATE TAX PLANNING

11:00 AM to 12:00 PM EDT

(60 minutes)

Guest Speaker Lawrence Katzenstein Presents: 

DEMONSTRATION OF TIGER TABLES SOFTWARE

12:00 PM to 12:30 PM ET

(30 Minutes)

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Saturday, October 8, 2022

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Alan Gassman Presents:

BASIC ESTATE PLANNING CHECKLIST

11:00 AM to 12:00 PM EDT

(60 minutes)

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Saturday, October 15, 2022

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Alan Gassman Presents:

DYNAMIC PLANNING FOR PROFESSIONALS AND THEIR ENTITIES (REPLAY)

11:00 AM to 12:00 PM EDT

(60 minutes)

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Tuesday,

October 18, 2022

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Kettering Health Foundation

Alan Gassman Presents: 

 UNIQUE AND CREATIVE CHARITABLE PLANNING TECHNIQUES

12:00 PM to 12:30 PM EDT

(30 minutes)

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Thursday,

October 20, 2022

 

Florida State University (FSU) Accounting Conference

(Virtual – 16 Continuing Education Credits Offered)

 

Alan Gassman Presents:

PRACTICAL PLANNING FOR BUSINESS AND ESTATE PLANNING CLIENTS IN VIEW OF RECENT FEDERAL TAX DEVELOPMENTS

12:50 to 1:40 PM EDT

(50 minutes)

THE CPA’S GUIDE TO ESTATE AND TRUST PLANNING BEFORE AND AFTER DEATH

1:45 to 2:35 PM EDT

(50 minutes)

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Saturday, October 22, 2022

Free from our Firm

(Virtual Session – *CPE Credits Will Be Offered Through CPAacademy.org)

Alan Gassman Presents:

PRACTICAL PLANNING FOR BUSINESS AND INVESTMENT ASSETS AND ENTITES

11:00 AM to 12:00 PM EDT

(60 minutes)

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Saturday, October 29, 2022

Free from our Firm

(Virtual Session – *CPE Credits Will Be Offered Through CPAacademy.org)

Alan Gassman & Brandon Ketron Present:

PLANNING WITH 199A, 678 TRUSTS AND COMPLEX TRUSTS

11:00 AM to 12:00 PM EDT

(60 minutes)

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Wednesday,

November 2, 2022

 Vascular Surgery, Community Practice Section

Alan Gassman Presents:

FINANCIAL WELLNESS FOR THE VASCULAR SURGEON –  ESSENTIAL BUILDING BLOCKS, 
AVOIDING DISASTER AND TAKING CONTROL OF YOUR SITUATION AND HAVING ENOUGH TO RETIRE

8:00 PM to 9:00 PM ET

(60 minutes)

 Coming Soon

Wednesday,

November 9, 2022 

48th Annual Notre Dame Tax and Estate Planning

(Continuing Education Credits Offered)

Christopher Denicolo & Brandon Ketron Present:

 A DEEP DIVE INTO THE PROPOSED (OR POSSIBLE FINAL) SECURE ACT REGULATIONS

3:00 PM to 5:00 PM ET

(120 minutes)

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 Thursday, 

November 10, 2022

48th Annual Notre Dame Tax and Estate Planning

(Continuing Education Credits Offered)

Alan Gassman, Joseph Garin, & Amanda Koplin Present:

ADDRESSING LAWYER MENTAL HEALTH ISSUES IN YOUR PRACTICE

4:00PM to 5:00 PM ET

(60 minutes)

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Tuesday,

November 22, 2022

 CPA Academy

Alan Gassman, Peter Haukebo, & Rebecca Sheppard Present:

EVERYTHING WE KNOW ABOUT THE EMPLOYEE RETENTION CREDIT…AND A FEW THINGS WE DON’T

4:00PM to 5:00 PM ET

(60 minutes)

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Tuesday, December 6, 2022 NYS Society of CPA’s Annual Conference

Alan Gassman Presents:

ESTATE AND TRUST TAX LAW UPDATE AND BUSINESS ENTITY PLANNING 

4:00PM to 5:00 PM ET

(60 minutes)

 Coming Soon

Thursday,

December 15, 2022

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Kettering Health Foundation

Alan Gassman, Johnathan Blattmachr, & Marty Shenkman Present: 

YEAR-END PLANNING: PICKING UP THE PIECES AND SEIZING OPPORTUNTIES

12:00 PM to 12:30 PM EDT

(30 minutes)

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Thursday,

February 23, 2023

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Kettering Health Foundation

Alan Gassman Presents: 

 4 HOT TOPICS WITH SOLID ACTION ITEMS

12:00 PM to 12:30 PM EDT

(30 minutes)

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February,

2023

 

Johns Hopkins All Children’s Hospital

(Continuing Education Credits Offered)

We are proud sponsors of this event.

25TH ANNUAL ESTATE, TAX, LEGAL AND FINANCIAL PLANNING SEMINAR

Please Reserve the Whole Day

 Coming Soon

Tuesday,

April 18, 2023

 Boca Raton Estate Planning Council

Alan Gassman Presents: 

ESTATE AND ESTATE TAX PLANNING FOR FLORIDIANS: INCLUDING SLATs, COMMUNITY PROPERTY TRUSTS, AND CREDITOR PROTECTION IMPLICATIONS

6:50 PM to 7:40 PM EDT

(50 minutes)

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Thursday,

April 20, 2023

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Kettering Health Foundation

Alan Gassman Presents: 

TOPIC: PUTTING ASSET PROTECTION INTO AN ESTATE PLAN

12:00 PM to 12:30 PM EDT

(30 minutes)

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Thursday,

May 18, 2023

Free from our Firm

(Virtual Session – No CLE/CPE Credits)

Kettering Health Foundation

Half or Full Day Event

Please Support this Important Program

3535 Southern Blvd. Kettering, OH 45429

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Wednesday,

October 11, 2023

 NAEPC

Alan Gassman Presents: 

DESIGNING AND IMPLEMENTING ESTATE PLANNING STRUCTURES WITH THE IRS IN MIND: AUDIT TRIGGERS & CONSIDERATIONS ASSOCIATED THEREWITH

3:00 PM to 4:00 PM EDT

(60 minutes)

 Coming Soon

November,

2023

 Birmingham, AL Estate Planning Council

Alan Gassman and Brandon Ketron Present:

ESTATE TAX STRATEGIES, HOT TOPICS AND YEAR-END PLANNING — BETTER THAN BBQ, HOTTER THAN SUMMER

(100 minutes)

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YouTube Library

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The PowerPoint materials can be found in the description box located at the bottom of the YouTube recording.

Click here or on the image of the playlists below to go to Alan Gassman’s YouTube Library.

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