Weekly "Industry News & Appraise Helpful Hint" eNewsletter

September 21, 2021 "Industry News & Appraise Helpful Hint" eNewsletter

Industry News

"Income, Estate, Capital Gains Tax Hikes & Retirement Account Crackdown: House Finally Details How It Will Fund $3.5 Trillion Social Policy Plan"

Synopsis: The House Ways & Means Committee has released draft legislation of individual tax hikes they propose to pay for the $3.5 trillion social policy budget plan under consideration. It includes major revisions to the estate tax, capital gains taxes and the way retirement accounts are taxed. The top capital gains tax rate would be 25%. The estate tax would revert to pre-Trump levels. Roth IRA conversions, including backdoor Roth IRAs, would be prohibited for high earners.

You can read the article by clicking HERE.

Last week's article was:

"Capital Gains Tax Hike And More May Come Just After Labor Day"

You can read last week's eNewsletter by clicking HERE.

Appraise Helpful Hint

"Correctly valuing mutual funds for estate tax when the valuation date falls on a weekend"

We've received a few questions lately regarding this situation. People are sometimes surprised we are only reporting the Friday price instead of the Monday and Friday prices they are expecting. Here is the IRS regulation we follow: [ IRS Reg. 20.2031-8(3)(b) ]

For open ended investment companies (commonly known as mutual funds) the fair market price is the public redemption price on the valuation date. Should no price be available for that date, the price used will be the price for the first day preceding the valuation date.

Please CONTACT US if you have any questions.

Last week's topic was:

"IRS mode"

You can read last week's eNewsletter by clicking HERE.

Upcoming Events (all times are eastern time zone)

Thu, Sep 23: (5:00p ET) System Maintenance - all online services will be unavailable with service being restored within a few hours.

Which valuations can I get from ESI-APPRAISE?

We give you access to all the tools, information, and professional support you need to increase your profits and serve your customers better. Additionally, ESI-Appraise offers a broad range of global securities and related financial data from all major markets and exchanges.

IRS Form 706 Estate Tax
IRS Form 709 Gift Tax
Charitable Remainder Unitrust
Grantor Retained Annuity Trust
Domestic & Global Historical Pricing
Capital Changes
Cost Basis Calculator for Corporate Actions
Cost Basis Calculator for Dividend Reinvestment Plans
1040/1041 Income Allocation for Calendar or Fiscal Year

How can I get a valuation from ESI-APPRAISE?

1. Secure online solutions (You do the work to save money.):

APPRAISE Web: credit card or account #; can be run from anywhere/any platform
APPRAISE.Windows: software and data stored on your computer
APPRAISE.SaaS: our Software as a Service (SaaS) solution. SaaS means we host the software, which you access via the internet, and you store your data locally on your computer. This benefits you and your information technology group because a hybrid solution takes the best of software and cloud and combines them.

You're always running the current version and do not need to install updates.
It's easy to add and remove users
It has more reports and features than traditional desktop software
You store your data securely on your computers.

ESI-Direct: ONESOURCE Trust & Estate securities valuations without software

2. Outsourcing solution (We do the work and save you time.): Valuations can

be submitted/delivered via email, fax, overnight courier, or mail.

Click HERE for an order form.

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