With the passage of the SECURE Act in late 2019 and the SECURE Act 2.0 of 2022, financial advisors, planners, and insurance professionals are in need of up-to-date, reliable tools and expert insights into income tax planning techniques. Every area of tax planning covered in this book is accompanied by the tools and techniques you can use to: <ul> <li>Help your clients successfully navigate the latest income tax rules and regulations;</li> <li>Quickly simplify the tax aspects of complex planning strategies; and</li> <li>Confidently advise your individual clients as well as small- and medium-size business owners.</li> </ul> You'll find: <ul> <li>Detailed explanations of complex real-world tax issues</li> <li>Easy-to-read explanations of how various tax strategies work and when they should and should not be employed</li> <li>Clear, thorough examples that show exactly when certain tax rules apply and how planners can help their clients avoid "tax traps" that can lead to unexpected and unnecessary tax liability</li> <li>Comprehensive explanation of investment-related tax concepts, which help investors and planners devise tax-efficient strategies</li> <li>Thoughtful, independent advice about the best strategies for specific situations</li> </ul> New in the 8th Edition: <ul> <li>Updated SECURE Act chapter and a brand new chapter on the SECURE 2.0 Act, including legislation updates through the year 2033</li> <li>New SECURE 2.0 Act chapter includes legislation updates on topics such as catch-up contributions, Roth IRA plan changes, and automatic enrollment</li> <li>Details on IRS and DOL regulatory changes</li> <li>Updates to keep all chapters up-to-date, such as changes to form 1040 made in 2018 for Chapter 7 and new like-kind rules from 2018 for Chapter 29</li> <li>Updated advice on retirement planning issues, the unwinding of COVID-19 legislation, and changing RMD withdrawal and penalty requirements</li> <li>New plan contribution and catch-up provisions, including updated student loan matching options and Roth contribution options for SEP and SIMPLE retirement plans</li> <li>Updated plan and IRA distribution options including new 10% penalty waivers, and new withdrawal types for domestic abuse, family emergencies, 529 Roth conversions, and more</li> <li>Litigation updates</li> </ul> Key Topics Covered: <ul> <li>SECURE Act and SECURE Act 2.0</li> <li>Contribution limitations, including Roth IRAs and mandated employer contributions</li> <li>Capital gains and losses, including both long-term and short-term gain</li> <li>Tax planning for small and medium-sized businesses as well as individuals</li> <li>Information on tax filing, including filing status, when to file, and failure-to-pay penalties</li> <li>Asset planning and retirement planning, including required minimum distributions</li> </ul>

The Tools & Techniques of Income Tax Planning, 8th Edition

Leimberg, Stephan

Truitt, Brandon

Business

The National Underwriter Company

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Books by Truitt, Brandon

See the best price to sell, buy, or rent books by Truitt, Brandon. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The Tools & Techniques of Income Tax Planning, 8th Edition