Individuals who are over the age 70 ½, who have charitable intent, and who are eligible to qualify to make a QCD,  will find that a QCD is, especially after the OB3, the most tax efficient way in which to fulfill their charitable giving objectives.

Injecting different beneficiary classifications into the RMD rules creates confusion, added to which is the election option that is available to an EDB. I guess nothing is simple when it comes to taking distributions from an inherited IRA, either traditional or Roth.

Different required minimum distribution (RMD) rules apply to different situations. Assuming which rule applies might lead to the failure to take an RMD.

The deaths of Rob Reiner, and his wife Michele could soon bring to the headlines two seldom encountered probate rules: simultaneous deaths and the slayer statute.

Snowbirds who are eager to purchase a Florida home will need to pay close attention to the rules surrounding proof of domicile if they want to enjoy Florida’s favorable tax rules.

Taking a loan from a 401(k) account may not be a good decision if the participant’s access to other funds is a viable option. If a plan loan is ultimately taken by the participant, there are plenty of technical rules to navigate, along with the continuing risk of a deemed distribution and possible excise taxes for an early distribution if the loan is not timely repaid. In short, there are plenty of traps that go along with taking a loan from a 401(k) account.

The One Big Beautiful Bill Act (OB3) was passed with such haste and secrecy in the dead of night (but with a lot of fanfare the following day) that it is only natural that many mistakes were made when the bill was signed into law on July 4, 2025. Some of those mistakes, or oversights, are now coming to light, prompting many questions directed at the Department of Treasury.

If you have clients who have asked questions about opening and funding a Trump Account, some tentative answers can be found in the IRS Notice 2025-68 which was released on December 2, 2025.

The OB3’s new rule that limits the overall itemized deductions indirectly affects the otherwise ‘unlimited’ charitable income tax deduction that is available to trusts and estates. Fiduciaries will now be required to reassess both planned charitable distributions and investments needed to generate liquidity to deal with the resulting income tax liability that many trusts and estates will face in 2026.

Health Savings Accounts are much more than just a checking account to pay for copays and medical deductibles. They can also function as a quiet retirement savings vehicle with unmatched tax advantages using consistent annual contributions, investing the HSA balance wisely, and delaying, if possible, HSA distributions until the owner’s retirement years.