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To our friends who are tax and estate planning professionals, I hope you're off to a great start in 2022. Well, 2022 tax season is upon us, so I thought I'd share a few (hopefully) relevant and timely tax-related articles.  To our friends who are tax and estate planning professionals, we hope you are doing well – and enjoying the fall weather. I attended an in-person breakfast event yesterday hosted by East King County Estate Planning Council. It was great to see old faces and catch up in person. Oh, and the speaker was excellent, too. Craig Janes of Deloitte gave us a federal tax update with humor and wisdom. I got a lot out of it, and I bet you would have, too. (Let me know if you’re interested in attending future meetings. You can invite yourself as my guest.) Since a recording of Mr. Janes’s informative and entertaining talk isn’t available, I thought I’d do the next best thing and share a few tax-related articles you might find interesting.  Some people, because of the wealth they have accumulated, won’t have to rely on their retirement plan savings for retirement income. As a result, they often want to leave all or most their IRA (or 401(k) and other retirement plan assets) accounts to their heirs.  To our friends who are tax and estate planning professionals, we hope you are enjoying the warmer, sunnier weather. It's an understatement to say that a lot happened this past year -- the pandemic, the presidential election, the new vaccines, etc. When things are back to "normal," I think I might have to re-learn how to live a normal life. And so it is with policies. There is certainly a lot going on and it would pay to prepare for potential tax and policy changes so we can help our clients.  To our friends who are tax and estate planning professionals, we hope your year is off to a great start. We wanted to say happy new year,... but it's already February already. Yikes  Okay, so you started your own professional practice. Congratulations and welcome to the joys (and challenges) of business ownership. I should know, I’m an owner of a financial planning practice myself. Speaking of challenges, we need to talk about taxes. At least some basics.  |
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