Roadmaps

Question 1

Estate Tax Flowchart

Answer 1

Question 2

Life Insurance Inclusion in Decedent’s Estate

Answer 2

Question 3

Federal Gift Taxation

Answer 3

Question 4

Defective Trusts and ILITs

Answer 4

Question 5

ABC Trust Strategy

Answer 5

Question 6

Gifts of Future and Present Interest

Answer 6

Question 7

Dynasty Trust Strategy

Answer 7

Question 8

Charitable Transfers

Answer 8

Question 9

Intrafamily Transfers

Answer 9

Question 10

Post Mortem Planning

Answer 10

Question 11

The Yield Ladder

Answer 11

Question 12

Standard Deviation

Answer 12

Question 13

Investment Performance Measures

Answer 13

Question 14

Form 1040 Flowchart

Answer 14

Question 15

Characteristics and Income Taxation of Business Entities

Answer 15

Question 16

Basis Characteristics of Business Entities

Answer 16

Question 17

MACRS Table Calcs

Answer 17

Question 18

MACRS Table Depreciation

Answer 18

Question 19

Business Entity Tax Offsets

Answer 19

Question 20

MLPs, PALs, & PIGs

Answer 20

Question 21

Reduction of SS Benefits before FRA

Answer 21

Question 22

Taxation of SS Benefits

Answer 22

Question 23

Qualified vs. Non-qualified Retirement

Answer 23

Question 24

Types of Retirement Plans

Answer 24

Question 25

Column Comparison of Qualified and Non-qualified Retirement

Answer 25

Question 26

RMDs

Answer 26

Question 26

Vesting Schedules

Answer 26

Question 27

Withdrawal of Converted Roth Assets

Answer 27

Question 28

Withdrawal of Earnings from Roth

Answer 28

Question 29

IRA Deductibility for MFJ

Answer 29

Question 30

The Roth Taxation Bucket

Answer 30

Question 31

Still Employed after RMD Begin

Answer 31

Question 32

Non-qualified Deferred Comp. vs. Qualified

Answer 32

Question 33

Torts

Answer 33

Question 34

HO Coverages

Answer 34

Question 35

Risk Management Matrix

Answer 35

Question 36

Insurance definitions

Answer 36

Question 37

PAP Coverages

Answer 37

Question 38

Ratio Test for Qualified Plans

Answer 38

Question 39

Education Funding

Answer 39

EE bonds cannot be used for room & board and do not qualify if held in a custodial account. 529s can be used to cover room & board (if not prepaid tuition)

Question 40

Calculating FDIC Insurance

Answer 40

Up to 250k PER: - Institution - Depositor - Account type (Individual, JT, Revocable Trust Bene, IRA/Keogh) Build a column for each of the above. Whichever columns exceed 250K must be limited to 250K. Remember that treasury bills, bonds, and notes are not insurable.

Question 41

Types of Ownership

Answer 41

Question 42

Life Insurance Policy Types

Answer 42

Question 43

Charitable Deduction Limits

Answer 43

| Basis only for (U-WISH): * Use-unrelated * Works of art created by taxpa

Question 44

IRC Code Numbers

Answer 44

*Insurance* - **Section 1035 - Insurance Contract Exchanges** - **Section 162 - Executive Bonus Plan (Life/Disability Phantom Income)** *Income Tax* - **Section 1031 - Like‑Kind Exchanges** - **Section 1245 - Depreciation Recapture (Personal Property)** - **Section 1250 - Depreciation Recapture (Real Property)** - **Section 179 - Immediate Expensing** - **Section 197 - Amortization of Intangibles** - **Section 121 - Home Sale Gain Exclusion** - **Section 1231 - LTCG Arising from Sale of Depreciated Property**

Question 45

Tax relationship between active, portfolio, and passive income

Answer 45

Question 46

Who can claim SS and when

Answer 46

Question 47

Taxation of SS

Answer 47

Question 48

Loss Offsets

Answer 48

Question 49

HCE/NHCE, Key Employee Testing

Answer 49