Estate planning is an important part of year-end planning as taxpayers seek to manage the distribution of assets as and meet any state tax requirements.
SECURE Act regulations, the SALT deduction, and Roth IRA strategies were among the leading tax topics raised by financial advisors at a recent webcast.
The IRS is proposing new rules for retirement account distributions including changes to the requirements of the 10-year rule for heirs.
New life expectancy table mean RMDs on inherited accounts will be reduced this year.
The SECURE Act introduced an anti-abuse rule to prevent benefiting twice from taking IRA distributions and QCDs.