Main Libraries

Federal Income Taxation

Sources of the FEDERAL TAX Law, Federal Income Tax: General Law, The Internal Revenue Code, Revenue Rulings and Other IRS Materials...

Life Insurance

Selected Laws Affecting Insurance, Federal Income Taxation of Life Insurance & Annuities: Personal, Community Property Rights in Life Insurance...


Taxation of Life Insurance, 1035 Exchanges, Gain or Loss on Surrender or Sale, Transfer For Value Rule, UL and VUL, Taxation of Annuities...

Split Dollar Insurance

A form of executive compensation that has been popular for many years is “split dollar” insurance...

Group Life and Health Insurance

Goverment Non-tax requirements, Taxation, Group Survivors’ income benefit insurance, Welfare benefit funds, Health Reimbursement Arrangements...

Stocks and Other Investments

Introduction: Taxation of Investments, Introduction to Stocks, Dividends, Stripped Preferred Stock, Other Investment Vehicles...


Introduction to Bonds, Treasury and Corporate Notes and Bonds, Convertible Bonds, Stripped Bonds and Coupons, Zero Coupon Bonds and Original Issue Discount...

Real Estate

Joint Tenancy and Tenancy in Common, Tenancy by the Entirety, Community Property, UNIFORM MARITAL PROPERTY ACT,Overview of Real Estate Investments...

Employee Benefits

Benefits Today, The Compensation Package, Cafeteria Plans, Fringe Benefits, Educational Assistance Programs, Educational Assistance Programs...

Executive Compensation

Effective Executive Comopensation, Property Transferred as Compensation, Golden Parachutes,Below Market Loans: Compensation-related...

Pension and Profit Sharing

Introduction, Types of Qualified Plans, Qualification Rules, Funding & Deductions, Plan Design, Fiduciaries and Plan Investments, Plan Termination...

Deferred Compensation - Taxation

Goverment Non-Tax Requirements, Tax Aspects, Death Benefit Only Deferred Compensation, Planning a Deferred Compensation Agreement...

Individual Retirement

Introduction, Erisa Provisions, Plan Requirements, Income Taxation,ROTH IRAs, EDUCATION IRAs...

Federal Estate Tax

Federal Estate Tax – General, Life Insurance/Health Insurance/Annuities: Personal Insurance, The Federal Estate Tax Deductions and Credits...

Estate Planning

Planning Techniques, Lifetime Giving, Wills & Trusts, Intestacy, Uses of Life Insurance, Gifts to Minors, Charitable Giving, Community Property...

Business Entities

Proprietorships, Partnerships, LLCs & Corporations, Buy-Sell Agreements, Partnership & Corporate Taxation, Family Limited Partnerships...

Gift and GST Taxes

The Federal Estate & Gift Tax, The Generation Skipping Tax, GST-Exempt ILITs, State Death Taxes...

Lifetime Gifts

Gifts to Minors, Charitable Giving, Crummey Powers, Gifts of Life Insurance...

Qualified Retirement Plans

Defined Contribution and Defined Benefit Plans, Profit Sharing and 401(k) Plans, ESOPs, Qualification Requirements, Tax Rules...

Investment Planning

Types of Investment Vehicles, Taxation of Investments, Investment Strategies...

Financial Planning

Financial Planning Concepts, Financial Planning for Special Circumstances...

AUS Special Reports

Topics of special interest to financial advisors.

State Law Digests

Covering Wills, Trusts, Intestacy, Insurable Interest,Insurance Exemption Laws..

Case Studies

How Would You Advise?

Tables and Inflation Adjusted Amounts

Tax COLAs, Qualified Plans, IRAs, 7520 rate

Specimen Forms

Various Planning Scenerios...

View All Main Libraries

A complete listing of all Main Libraries.

Topical Index

Index of General Subject Areas.

Advisor's Journal

Attracting Millennials: the New Small Business Student Loan Repayment Benefit
By Robert Bloink and William H. Byrnes
The IRS opened the door for new employment benefits in the form of student loan repayment assistance, offering small business owners a powerful tool for attracting and retaining top tier employees. This strategy could allow student loan assistance in a tax-preferred manner that could signal the next big trend in employment benefits.
The Tax-Free LTC Funding Option
By Robert Bloink and William H. Byrnes
Finding solutions for future long-term care expenses is an issue that impacts all clients. The issue is no longer just expense— it is also difficult to find LTC even when cost is not the deciding factor. For clients with tax-preferred financial products, the solution may be surprisingly simple if the IRS rules are followed closely.
Trump Executive Order: Shrinks RMD’s
By Robert Bloink and William H. Byrnes
The Trump administration issued an executive order with far-ranging implications for individual retirement savers, and for small business owners exploring retirement savings alternatives for employees. If adopted, a potentially valuable retirement savings strategy could emerge for small business owners, while planning for required minimum distributions (RMDs) would be dramatically altered.
New IRS Regs Nix Anticipated Pass-Through Deduction Workarounds
By Robert Bloink and William H. Byrnes
The IRS has released the long-awaited regulations interpreting the Section 199A deduction for qualified business income (QBI). The regulations provide good news but they also impact several strategies that many businesses and employees had been counting on to maximize the deduction. The regulations have restrictions that must be analyzed to comply with the new rules.
Stay Within the Lines on Medicaid Compliant Annuities
By Robert Bloink, Esq. and William H. Byrnes, Esq.
When a married client requires long-term care, the immediate worry is how the healthy spouse will manage to pay for both the ever-rising cost of long-term care and his or her own living expenses. Fortunately, the Medicaid qualification rules have evolved to permit the healthy spouse to receive income from a Medicaid-compliant annuity.
Keep Estate Plans Current by Incorporating Digital Assets
By Prof. Robert Bloink and Prof. William H. Byrnes
Most clients and advisors aware of the value of a thoughtfully designed estate plan. Despite most carefully constructed estate plan often overlooks a client’s digital assets. Almost all clients are active online, and may have substantial digital assets. A plan is essential as booth state and federal laws can create roadblocks to accessing digital assets.
The Math of the Medicare Enrollment Delay Option for Working Clients
By Robert Bloink and Prof. William H. Byrnes
Many clients work well past age 65, when eligible to enroll in Medicare. For clients with health coverage, the decision to enroll in Medicare at age 65 may seem like a no-brainer when he or she is already accustomed to the employer coverage. For many clients, the calculus is not nearly so simple.
Tips and Tricks for Supersizing HSA Contributions
By Robert Bloink and Prof. William H. Byrnes
Health savings accounts (HSAs) can reduce taxable income while building a nest egg for postretirement. HSAs provide three key tax benefits—pre-tax contributions, tax-free earnings and tax-free withdrawals. Although the annual HSA contribution limits are low, several techniques allow certain clients to supersize their HSAs for optimal growth potential.
New Year’s Resolutions: 2019 Tips for Education Funding
By Prof. Robert Bloink and Prof. William H. Byrnes
Education savings is an important objective for most clients with children because of the -increasing cost of college tuition. Tax-preferred education savings possibilities abound for college funding needs. Clients should remember tax reform has expanded the universe of possibilities for tax-preferred Section 529 savings even for clients with young children.
Double Tax Trap of Inherited IRA Basis
By Prof. Robert Bloink and Prof. William H. Byrnes
Failing to track the basis of an IRA can result in funds being taxed twice which no one wants. Inherited IRAs present complications— the person inheriting has no idea whether the original owner’s contributions were made pre-tax or after-tax basis. The person inheriting the IRA needs the advisor’s immediate assistance to avoid double taxation.
Look Before You Leap: The New Expanded Health Reimbursement Arrangements
By Prof. Robert Bloink and Prof. William H. Byrnes
The DOL, the HHS and Treasury released new proposed regulations expanding the value of HRAs, which could be used to reimburse employees for the cost of health insurance. Despite this, the proposal is complex, and, although not yet finalized, employers and employees alike should carefully analyze the potential consequences before jumping in.
Unpacking the 199A Regs: Final vs Proposed Rules
By Prof. Robert Bloink and Prof. William H. Byrnes
Importantly, in complying with 199A regulations, small business clients have the surprise option of relying on either the proposed regulations or the final regulations in finishing their 2018 taxes—although the final regulations become mandatory beginning in 2019. Despite this, clients must take an all-or-nothing approach to choosing which regulations to follow for 2018.
ING Trusts: Trending in High Net Worth Estate Planning
By Prof. Robert Bloink and Prof. William H. Byrnes
The 2017 tax reform legislation motivates high net worth clients to examine estate plans in light of the transfer tax exemption. ING trusts have new value—and may be the hottest new trend in estate planning. ING trusts can generate significant savings both in income taxes and in overall transfer (gift, GST and estate).
Ten Facts Clients Need to Know About Section 529 Education Savings Plans
By by Prof. Robert Bloink and Prof. William H. Byrnes
IRC Section 529 plans are a valuable way to save funds for a child’s college or other education expenses, but the fact remains that many clients don’t fully understand the rules that apply to these types of accounts. The issue is compounded by the changes made to the 529 plan rules under Trump’s tax reform bill. Here are the top ten things that clients need to know about funding a Section 529 plan in 2019.
Disclose Your Annuity Commission to the Client? Fiduciary Rule Reasonable Compensation Compliance
By Robert Bloink and William H. Byrnes
The Department of Labor (DOL) fiduciary rule transition period is underway- advisors are bound by the rule. Defining of “reasonable” compensation is tricky though. Advisors may delay compliance since many believe that the rule will be repealed. Trying to comply with the reasonable compensation standard will be seen as a positive by the client however.
State of the Annuity Marketplace: Fixed Indexed Annuities to Dominate 2017
By Robert Bloink and William H. Byrnes
The future of annuities remains hazy because of new regulatory changes. The fiduciary rule is uncertain, but it is also possible that the time for initial compliance will come before the rule is repealed. Many carriers are embracing fixed indexed annuities because rising interest rates and riders can make the products more valuable than ever.
Awaiting Trump’s Tax Reform: Shifting 401(k) Funding Strategies
By Robert Bloink and William H. Byrnes
The new era is expected to bring about substantially reduced income tax rates which is a welcome change but complexity to retirement income planning. Many high-income taxpayers max out contributions to pre-tax retirement savings accounts specifically in order to minimize taxable income. Maxing out pre-tax retirement account contributions may no longer be the smartest strategy
NY Regulators Highlight Need to Keep Annuity Suitability in Sight
By Robert Bloink and William H. Byrnes
Annuities remain among the most popular retirement income planning tools today. New York regulatory guidance highlights that explaining the variations between different types of immediate and deferred annuities can prove challenging however. As states crack down on suitability review issues, an advisor’s ability to determine which annuity product is advisable has never been more important
Small Business Gets Year End Relief for Health Reimbursements
By Small Business Gets Year End Relief for Health Reimbursements
Small employers struggle finding health care solutions for employees. Fortunately, small employers can reimburse employees for health expenses, and allow qualifying small business clients to offer health reimbursement arrangements (HRAs) without fear of being penalized. Small business clients will be able to offer qualified small employer health reimbursement arrangements (QSEHRAs) beginning in 2017.

Practice Aids

Buy Sell Agreements
Stock Redemption and Cross Purchase Agreements, Family Attribution, Business Succession Planning...
Estate Planning
Wills, Trusts, Joint Tenancy, Tenancy in Common, POD accounts, Custodial Accounts, Intestate Succession...
Business Life Insurance
Key Person Insurance, Executive Bonus, Deferred Compensation, Rabbi Trusts, Secular Trusts, Split-Dollar, ...
Retirement Planning
IRAs, SEPs, 401(k)s, Qualified Retirement Plans, ESOPs, Rollovers, Life Insurance in Qualified Plans...
Financial Planning
Disability Income Insurance, Long Term Care Insurance, Health Insurance, 529 Plans, Taxation of Investments...
Employee Benefits
Group Term Life Insurance, COBRA, Cafeteria Plans, Flexible Spending Accounts, Health Savings Account...

Selected Highlights

Estate shrinkage is closely related to estate liquidity—or lack of liquidity. A certain amount of liquidity is needed to meet estate settlement costs that cause the shrinkage.
Under common law minors cannot own property in their own names. This does not mean that a minor cannot inherit an IRA or be designated as the beneficiary of an IRA; it means that their are special considerations.
Powers of appointment are a valuable tool in estate plans, because they allow for future flexibility in the ultimate disposition of the donors property which is placed in a trust.
For wealthier and more sophisticated investors 529 Plans may not be the best option to financially prepare for college.
A substantial portion of the wealth possessed by Americans today consists of IRAs, 401(k)s and 403(b)s. This article covers all the distribution rules and all aspects of trusts as beneficiaries of tax deferred retirement accounts including sample forms.
Certain high income clients who have not previously made deductible IRA contributions ought consider opening a traditional IRA this year and contributing the largest allowable nondeductible contribution they can manage.
The will approach is based upon one of two major assumptions. At the time of the interview, either the prospect has a will or doesn`t - there`s no middle ground.
Significant tax advantages can be achieved by widows and widowers who are beneficiaries of credit shelter trusts (established upon the deaths of their respective spouses), through the purchase...