The Income Tax Implications
from the Biden Administration’s
2025 Budget Proposals
The Biden Administration’s 2025 budget proposals also included a number of key changes that impact income taxes. As predicted, these revenue-raising proposals will have an impact on income, gift generation skipping transfer tax and estate planning.
Whether you are 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 turned to nationally renowned CPA and tax expert, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), to put together this very timely presentation entitled “President Biden’s 2025 Green Book Income Tax Revenue Proposals”.
In this 63-minute presentation, Bob will cover the following proposed changes:
- The increase to the corporate income tax rate
- New requirements for depreciation deductions as ordinary income
- Changes to carried interests, private aircraft, PF payouts, captives, life insurance and more
- Increasing the top marginal income tax rate for high earners
- Proposed elimination of the preferential long-term capital gains rate for income over $1 million
- Treatment of transfers of appreciated property by gift or on death
- Minimum income tax imposed on the wealthiest taxpayers including unrealized gains
- Annual reporting and valuation requirements
- Expansion of the NIIT so pass-through business income subject to the NIIT or SECA tax
- Retirement account excess accumulations “MEGA RMDs”
- Understanding the MEGA IRA withdrawal rule
- Proposals for Roth IRA rollover and conversion limitations
- Extension of the period for assessment of tax for certain Qualified Opportunity Fund Investors
- And much, 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.
- Program Title: President Biden’s 2025 Green Book Income Tax Revenue Proposals
- Speaker: Robert S. Keebler
- Duration: 63 minutes
Purchase
ABOUT THE SPEAKER
Robert S. Keebler
CPA/PFS, MST, AEP (Distinguished)
Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished) 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 Planners & Councils. 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. 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…
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.