With the passage of the SECURE Act in late 2019 and the recent COVID-19 legislation, financial advisors, planners, and insurance professionals are in need of up-to-date, reliable tools and expert insights into income tax planning techniques.Every area of tax planning covered in this book is accompanied by the tools and techniques you can use to:Help your clients successfully navigate the latest income tax rules and regulations;Quickly simplify the tax aspects of complex planning strategies; andConfidently advise your individual clients as well as small- and medium-size business owners.New in the 7thEdition:New chapters on the SECURE Act and COVID-19 legislationDetails on IRS an DOL regulatory changesUpdated advice on retirement planning issues, including COVID-19 hardship distributions, changing RMD requirements, and new contribution rulesCoverage of new rules eliminating the stretch IRA and planning advice to help clients meet their estate planning goalsLitigation updatesTopics Covered:SECURE Act and COVID-19 legislationHSA eligibilityContribution limitationsHSA deductionsTax reportingEmployer contributionsComparability testingTesting periodsUse by self-employed individualsHRAs and FSAsAnd more! See the ';Table of Contents' section for a full list of topicsAs with all the resources in the highly acclaimed Leimberg Library, every area covered in this book is accompanied by the tools, techniques, practice tips, and examples you can use to help your clients successfully navigate the complex course of income tax planning and confidently meet their needs.

With the passage of the SECURE Act in late 2019 and the recent COVID-19 legislation, financial advisors, planners, and insurance professionals are in need of up-to-date, reliable tools and expert insights into income tax planning techniques.Every area of tax planning covered in this book is accompanied by the tools and techniques you can use to:Help your clients successfully navigate the latest income tax rules and regulations;Quickly simplify the tax aspects of complex planning strategies; andConfidently advise your individual clients as well as small- and medium-size business owners.New in the 7thEdition:New chapters on the SECURE Act and COVID-19 legislationDetails on IRS an DOL regulatory changesUpdated advice on retirement planning issues, including COVID-19 hardship distributions, changing RMD requirements, and new contribution rulesCoverage of new rules eliminating the stretch IRA and planning advice to help clients meet their estate planning goalsLitigation updatesTopics Covered:SECURE Act and COVID-19 legislationHSA eligibilityContribution limitationsHSA deductionsTax reportingEmployer contributionsComparability testingTesting periodsUse by self-employed individualsHRAs and FSAsAnd more! See the ';Table of Contents' section for a full list of topicsAs with all the resources in the highly acclaimed Leimberg Library, every area covered in this book is accompanied by the tools, techniques, practice tips, and examples you can use to help your clients successfully navigate the complex course of income tax planning and confidently meet their needs.