With the passage of the One Big Beautiful Bill Act in 2025, the income tax landscape has shifted—fast. Financial advisors, planners, and insurance professionals need more than headlines. You need current, reliable tools and actionable insights you can put to work immediately.
Stay ahead of the changes—and position yourself as the trusted tax planning resource your clients rely on most. This book equips you with practical strategies and step-by-step techniques to help you:
- Guide clients confidently through the latest income tax rules and regulatory changes
- Break down complex tax concepts into clear, client-ready solutions
- Deliver high-impact advice to individuals and small- to mid-sized business owners alike on the best strategies for specific situations
Key Topics Covered:
- Explanation of the One Big Beautiful Bill Act, SECURE Act and SECURE Act 2.0
- Contribution limitations, including Roth IRAs and mandated employer contributions
- Capital gains and losses, including both long-term and short-term gain
- Tax planning for small and medium-sized businesses as well as individuals
- Information on tax filing, including filing status, when to file, and failure-to-pay penalties
- Asset planning and retirement planning, including required minimum distributions
New in the 9th Edition:
- Updates based on the One Big Beautiful Bill Act
- Details on IRS and DOL regulatory changes
- Updated advice on retirement planning issues, the unwinding of COVID-19 legislation, and changing RMD withdrawal and penalty requirements
- New plan contribution and catch-up provisions, including updated student loan matching options and Roth contribution options for SEP and SIMPLE retirement plans
- Updated plan and IRA distribution options including new 10% penalty waivers, and new withdrawal types for domestic abuse, family emergencies, 529 Roth conversions, and more
- Litigation updates