The tax-advantaged accounts are a good fit for high-income clients who can't normally deduct medical expenses.
Problems are minimal now, but it could get worse if the shutdown continues.
The accumulated earnings tax (AET) is imposed on companies that have retained earnings deemed unreasonable and excessive.
Some wealthier households saw big cuts, but it also depends on clients' properties and business.
Plenty of changes have been ushered in by tax reform, including an increased standard deduction.
The IRS issued new limits for the deductibility of ‘tax qualified’ long-term care insurance premiums.
Three donation tools remain in the post-reform era.
Increased estate and gift tax exemptions will benefit wealthy clients, but it won't last forever.
For most clients, it's less useful for estate taxes, but may help with college, assisted living and other LTC costs.
Tax reform means it's more important than ever to plan for your client's taxes over multiple years.
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