2021 Tax Facts on Insurance & Employee Benefits

About this item:

This two-volume edition features:

• Thousands of easy-to-read Q&As that comprehensively cover all aspects of insurance and employee benefits tax issues
• Practical advice for any professional, including financial planners, in-house HR professionals, insurance producers, and third-party advisers
• Detailed explanations of the various types of insurance products and employee benefits that are most commonly used by individuals and businesses
• Practice points that give concise advice on how to handle real-world tax issues
• Tax information to help avoid problems before they become costly mistakes, as well as correct problems when they do occur.

New in the 2021 Edition:

• Extensive coverage of the effect of the SECURE Act on qualified plans, including new RMD rules, new rules on inherited IRAs, and contributions beyond age 72
• Complete updates on the legal and regulatory changes related to the CARES Act
• Updated paid leave requirements under the Families First Coronavirus Response Act
• Updated withholding and employment tax requirements
• Complete set of updated inflation number adjustments
• Updated inflation number projections

Topics Covered:

• The effect of the SECURE Act
• Legal and regulatory changes related to the CARES Act
• Legal and regulatory changes related to the Families First Coronavirus Response Acts
• Annuities and life insurance products
• ERISA regulations for employee benefit plans
• Health insurance, including Healthcare Reform
• Long-term care insurance
• Disclosure and recordkeeping requirements
• Qualified and nonqualified compensation plans
• Defined contribution and defined benefit deferred compensation plans
• Funded and unfunded plans
• PBGC requirements
• Estate and gift tax planning and consequences
• And More! See the “Table of Contents” section for a full list of topics

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