What Every Estate Planner Needs to Know
About the Biden Administration’s
2023 Revenue Proposals

The Treasury recently released the Biden Administration’s Fiscal Year 2023 Revenue Proposals. As predicted, these revenue raising proposals will have an impact on income, gift generation skipping transfer tax and estate planning.

Whether you’re an attorney, financial advisor, CPA or other estate planning professional, it is important that you stay in-the-know and you know how these proposals may impact your clients and the planning that you do. This is why we have brought in nationally renowned CPA and tax expert, Robert S. Keebler, CPA/MST, AEP (Distinguished), CGMA, to put together this very timely presentation entitled, “The Biden Administration’s 2023 Revenue Proposals: What the Sophisticated Advisor Needs to Know Now!”.

During this 87-minute presentation, Bob will provide detailed analysis of the following revenue raisers:

• Taxing capital income for high-income earners at ordinary rates

• Treating transfers of appreciated property by gift or on death as realization events

• A look at a minimum income tax of 20% imposed on the wealthiest taxpayers on realized and unrealized gains

• Modified income, estate and gift tax rules for certain Grantor Trusts

• Raising the corporate income tax rate to 28%

• Increasing the top marginal income tax rate for high earners to 39.6%

• Limited use of donor advised funds to avoid private foundation payout requirement

• Required consistent valuation of promissory notes

• Review of the expanded definition of Executor

• Increasing the limit on the reduction in value of special use property

• Extending 10-year period for certain estate and gift tax liens

• Required reporting of estimated total value of trust assets

• Limiting duration of GSTT exemption (no more than two generations below the taxpayer)

• Taxing Carried (Profits) Interests as ordinary income

• Repealing deferral of gain from like-kind exchanges

• Requiring 100% recapture of depreciation deductions as ordinary income for certain depreciable real property

• Limiting a partner’s deduction in certain syndicated conservation easement transactions

• Extending the period for assessment of tax for certain Qualified Opportunity Fund Investors

• Modernizing taxation of digital assets

• Extending the 6-year statute of limitations for certain tax assessments (if a taxpayer omits from gross income more than $100 million on a return)

• Required reporting for certain taxpayers of foreign digital asset accounts

• And much more!

Your purchase includes an instantly downloadable video and audio recording and PDF handout materials.  A PDF transcript is available as an add-on for an additional fee.