 News Update
Feature Trusts & Estates article:
Synopsis: "
T
axpayers can benefit from higher thresholds for U.S. estate and gift taxes even if they don't die until after the tax overhaul expires in 2026, the Internal Revenue Service said."
You can access the complete article by clicking
HERE.
Feature Cost Basis article:
Synopsis: "Whether sudden or expected, a financial windfall can come in many different forms: an inheritance, selling a business, stock options, distributions from a trust, or even winning the lottery. How to best use the proceeds from a windfall depends on a number of factors unique to your situation and the type of lump sum you received."
You can access the complete article by clicking
HERE.
Interested in what the financial markets are doing?
Click HERE for up to date information.
Who is ESI-APPRAISE & how can we help you with estates, gifts, trusts, and cost basis?
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Time Saver & Helpful Hint
This edition's Time Saver / Helpful Hint is:
"What is the correct way to value securities if the date of death is the Thanksgiving holiday?"
Proper valuation requires adherence to IRS Form 706 regulation [20.2031-2] which addresses inversely weighted means. Means are inversely weighted with respect to the number of trading days between the valuation date and pricing dates. Since Thursday was not a trading day, the mean is the straight average between Wednesday and Friday.
Friday prices though, are not available till Saturday. ESI-APPRAISE applications have built in intelligence and warn the user to wait till Saturday before requesting date of death pricing.
Last week's Time Saver / Helpful Hint topic was:
"Preparation of valuations for gift tax and grantor retained annuity trusts"
You can access the eNewsletter by clicking
HERE.
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Solution Of The Month with accompanying webinar
"Cost Basis for Dividend Reinvestment Plans
"
Determining the cost basis of DRiPs, which are a popular means of investing, is complicated by purchases, sales, splits, and poor record keeping. The ESI-APPRAISE Dividend Reinvestor simplifies this tedious process for you.
All you need to manually input is the starting and ending dates, initial or ending shares, purchases, and sales. ESI-APPRAISE does the rest. Please take a moment to look at the sample report below. You can also click on the label, Sample Report, for a PDF version.
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H
ow do I generate an ESI-APPRAISE valuation?
Here's how you can generate a
valuation with us (see below):
1. Secure online solutions (You produce the report and save money)
· APPRAISE Windows
: Software on your computer; internet connection to access the data
· APPRAISE ASP, our software as a service (SaaS) solution:
- Software on our computer - data on yours; no installation nor upgrades and data is secure
- Always running current version
- Highly scalable, both upward, in good times, and downward when business is slow
- More options than software including ticker symbol lookup and capital change reporting.
· APPRAISE Web:
Internet application using credit card; can be run from anywhere/any platform
· ESI-Direct:
No software; value your ONESOURCE securities using the internet from FPS
2. Outsourcing solution (we have the expertise, do the work, and save you time):
· Valuations can be submitted/delivered via email, fax, overnight courier, or mail
If you would like more information, please
- call 201.784.8500 x104
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Upcoming Events
(Subject to change - check here regularly)
Events we are coordinating:
- Dec 13: System maintenance beginning at 4:00p ET.
All online services wil be unavailable for a few hours.
- Dec 18: Webinar: - "Cost Basis for Dividend Reinvestment Plans"
- Dec 19: System maintenance beginning at 4:00p ET.
All online services wil be unavailable for a few hours.
- Dec 24: ESI-APPRAISE will close at 2:00p ET for Christmas
- Dec 25: Christmas holiday
- Dec 26, 27, 30, 31: ESI-APPRAISE will open at 9:00a ET
- Dec 31: ESI-APPRAISE will close at 2:00p ET for New Year's Day
- Jan 1: New Year's Day holiday
Events we are attending:
- Dec 5: Estate Planning Council of Bergen County meeting
- Jan 13-17: 54th Annual Heckerling Institute on Estate Planning
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We will be exhibiting at the 54th annual Heckerling Institute on Estate Planning in Orlando
from January 13 to 17. We are in booth #501, same as last year, by the registration desk and next to the walkway to the sessions.
Please stop by our booth. We appreciate the opportunity to meet our subscribers.
This is what we will be talking about:
1. 1040/1041 Income Allocator:
Powerful, time saving tool which calculates and prorates the dividends/accruals between the IRS forms 1040 and 1041 for a calendar or fiscal year. You can create a new portfolio or import an existing date of death portfolio.
2. Software as a Service:
Full access to our complete line of products (Estate, Gift, & Trust Tax, Portfolio Pricing, Cost Basis for Dividend Reinvestment Plans, & 1040/1041 Income Allocation) without installing software. All portfolio information is stored on your computers so you can quickly enter, process, and print portfolios as if the program existed on your desktop. And, there is no need to install updates!
3.
Web: Estate and gift tax valuations, as well as portfolio pricing, via a website. Have access to all of your valuations, wherever you go, on your Android, Apple, or Windows device!
4. Outsourcing: For those people who would prefer to have us do the work, so they can focus on their expertise, outsourcing is a great choice.
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Subscriber Feedback
We want to make it easy for our subscribers to provide feedback. Please click
HERE if you want to contact us.
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