2020 was an unbelievable time we will long remember, and 2021 just began with a bang. The Democrats took control of Congress and tax policy. Although the health crisis may eventually abate in 2021, the rate of tax policy changes will likely increase. The "Blue Wave," along with the fiscal stimulus from Congress, both have tremendous implications for your clients, given the likelihood of significant tax changes directed at wealthy Americans. 

Whether you're a financial advisor, accountant, CPA, or attorney, clients will be looking to you for the best income and estate tax strategies.

This session will provide ideas, tips, and tools to minimize your clients' tax liabilities. Join host Robert Keebler as he covers the following and much more

• A detailed review of President-Elect Biden's income and estate tax policy proposals– including a checklist of planning ideas


• Bracket management considering historically low rates, the scheduled sunset, and the potential rate increases under a Biden Administration


• Capital gain harvesting to capture a rate advantage with a potential of a 39.6% LTCG rate under the "Buffet Rule"


• The mathematics of loss harvesting and advanced Roth conversions


• The reduced value of itemized deductions and funding tax-preferenced retirement accounts


• Using 529 Plans for elementary and high school tuition


• The best charitable contribution strategies and opportunity zone investments


• Section 199A deduction planning and likely changes


• Using trusts to create additional income taxpayers


• Urgent estate and gift planning


• Reduction of the estate and gift exemption


• The end of GRATs, IDGTs,  and dynasty trusts


• Changes to the annual exclusion

Learning Objectives:

• Identify the implications of the “Blue Wave” and the fiscal stimulus for your clients


• Determine the ideas, tips, and tools to minimize your clients’ tax liabilities


• Recall a detailed review of President-Elect Biden’s income and estate tax policy proposals