There is considerable discussion concerning the revision or replacement of the Affordable Care Act (ACA). One of the revisions is to allow an insurance company to get a policy approved in any state and then sell it in any other state without having to meet any of the requirements imposed by the other state. The proponents assert this will lead to more competition, which will lead to lower premiums for health care services. Although...

http://sbca.net/wp-content/uploads/2017/02/2017TaxReformSBCA.mp4   SBCA Webinar Handouts JBS SBCA Webinar Handouts...

Issues continue to crop up on the regulatory front.  The most recent example of this is IRS’s newly issued proposed regulations on valuation discounts which would make broad changes to Internal Revenue Code Section 2704.   While highly technical in nature, it is clear after a careful review of these proposed regulations, that if adopted as final in their current form, they would virtually eliminate or greatly diminish all...

With less than two months until November 8, it is no secret that most of the nation’s political attention and energy is focused on the upcoming elections. As we have previously reported, the political dynamics of the coming two years will be shaped significantly by which party emerges from the elections with control of the Senate (the House is expected to stay in Republican control).  The fact that both parties’ presidential...

Photos from the 2016 SBCA Congressional Awards Reception and Public Affairs Day by John Whitman Photography

By Kristin Brunett...

Rights Reserved Alson R. Martin Lathrop & Gage LLP 10851 Mastin Boulevard Suite 1000 Overland Park, KS 66210-1669 I………. EXPANDED FIDUCIARY DEFINITION FOR TAX DEFERRED RETIREMENT ASSETS & NEW RESTRICTIONS ON ADVISERS’ CONFLICTS OF INTEREST……………… 1 A…….. Effective...

SBCA, along with our friends at ARA (ASPPA) have met the 4th challenge to cross tested retirement plans and have succeeded once again!  The importance of beating back this challenge should not be underestimated.  Here’s what happened:   At the end of January, Treasury and IRS issued  proposed regulations which a) assisted frozen defined benefit plans in meeting non-discrimination tests and very surprisingly, b)  adversely changed...