When the Clock Strikes Midnight on December 31st,
Your Clients with Big Stock Holdings May Be Out of Luck!

When selling or gifting stock, clients have always been able to pick and choose those with the highest basis, to reduce potential capital gains taxes (or realize losses).

Things are about to change.

The Senate Tax Reform Bill includes a new “FIFO” rule, effective January 1.  When a client sells stock in a company, the earliest purchased shares will have to be sold first (or gifted) - - those which often have the lowest basis!

For your clients with large stock holdings in a company that they acquired over time (including through automated stock purchase, dividend investment, or stock option plans), there is a limited window of opportunity before year-end to take advantage of tax planning techniques such as:

  • Selling stock before year end
    • Not just high basis stock, but maybe even low basis stock depending on the state your client lives in!
    • Harvest losses to offset gains
    • Special considerations for NUA stock and dual basis ISO shares
  • Rearranging stock basis before year end
    • Gifts to spouse and other individuals
    • Gifts to non-grantor trusts
    • Contributions to partnerships
  • Smart charitable gifting before year end
    • Outright gifts
    • To a DAF or private foundation
    • To a CRT
    • To a non-grantor CLT
    • To a non-grantor completed gift trust
  • While considering other complicating issues with Tax Reform coming!

Prepare your clients’ planning right now, so you’re ready to act immediately when the Tax Reform Bill is signed into law!

Join us and nationally renowned tax and financial expert, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, on Friday, December 8, 2017 at 11am Pacific Time (2pm Eastern Time) for a timely 60-minute teleconference entitled, “The New FIFO Stock Basis Ordering Rules”.

Your registration includes: Participation on the teleconferences (including a live Q&A session) and PDF handout materials for you and everyone in your office for just $129.  MP3 audio recording and PDF Transcript can be added on to your registration for an additional fee.

  • Program Title: The New FIFO Stock Basis Ordering Rules
  • Speaker:
  • Duration: 60 minutes

Robert S. Keebler

CPA/PFS, MST, AEP (Distinguished), CGMA
Robert S. Keebler

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Mr. Keebler is the past Editor-in-Chief of CCH’s magazine, Journal of Retirement Planning, and a member of CCH’s Financial and Estate Planning Advisory Board. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals.

In the past 20 years, he has received over 150 favorable private letter rulings including several key rulings of “first impression.” Mr. Keebler is nationally recognized as an expert in estate and retirement planning and works collaboratively with other experts on academic reviews and papers, and client matters. Mr. Keebler is the author of over 75 articles and columns and editor, author, or co-author of many books and treatises on wealth transfer and taxation, including the Warren, Gorham & Lamont of RIA treatise Esperti, Peterson and Keebler/Irrevocable Trusts: Analysis with Forms.

Mr. Keebler is a member of the editorial board of the Society of Financial Service Professionals “Keeping Current” series. He is a featured columnist for CCH’s Taxes Magazine – “Family Tax Planning Forum,” Steve Leimberg’s “News of the Week Newsletter” and the Bureau of National Affairs Tax Division. Bob also had his article “Is That Your ‘Final’ Answer?” published in Tax Management Compensation Planning Journal. Bob frequently is quoted in national publications such as New York Times, Chicago Tribune, Baltimore Sun, Barrons, Bloomberg Wealth Manager, Financial Advisor, Forbes, Kiplinger, Lawyer’s Weekly, On Wall Street, The Wall Street Journal, USA Today, Wealth Manager and Worth in addition to many local and regional newspapers.

He is a frequent speaker for legal, accounting, insurance and financial planning groups throughout the United States at seminars and conferences on advanced IRA distribution strategies, estate planning and trust administration topics including the AICPA’s Advanced Estate Planning, Personal Financial Planning Conference and Tax Strategies for the High Income Individual Conference.

Mr. Keebler graduated (cum laude) from Lakeland College with a degree in Accountancy and the University of Wisconsin – Milwaukee with a Masters in Taxation. Before practicing in Northeastern Wisconsin, he practiced with Price Waterhouse where he concentrated in taxation.

IMPORTANT NOTICE REGARDING CE CREDIT

The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.

However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.

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