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2006 AP Bulletin Archive Page

  • December 2006
    • Inflation and Cost of Living Adjustment Figures for 2007
    • Hasta La Vista to the Subtrust Technique? An Unpublished Technical Advice Memorandum Says “Si”
    • Using an IRA to Satisfy a Pecuniary Charitable Bequest – The Worst of Times: Internal Legal Memorandum 2006-44-020 (November 3, 2006)
    • Converting a Traditional IRA to a Roth: A Quick Analysis of the Math
    • Clear as Mud – Deductibility of a Trust’s investment Fees: William L. Rudkin Testamentary Trust v. Comm’r, 98 A.F.T.R.2d (2nd Cir. 2006)
    • “Private” Loans for Life Insurance Premiums: A Sample Agreement
    • Brief Summaries
      • IRA Contribution Limits
      • Health Savings Accounts under ERISA
      • Bad IRA Rollover, No Do-Over
      • Charitable Organizations
  • November 2006
  • October 2006
    • Grantor Trust Status Under §677(a)(3) – When a Trust “May” Use Income to Pay Premium: Legal Advice Issued by a Field Attorney (LAFA) 2006-27-01F (July 7, 2006)
    • Personally Owned Insurance for Business Key Person Needs: The POBI Concept
    • Innovative Ways to Lend Money to Pay Life Insurance Premiums: Part III: Nonequity Split Dollar Later Converted to a Loan
    • Brief Summaries
      • Transfer for Value
      • IRA Contributions
  • September 2006
    • Click! Disinheritance Reversed! Private Letter Ruling 2006-26-002 (July 28, 2006)
    • Policy Exchanges and Interest Allocable to Unborrowed Cash Values: Private Letter Ruling 2006-27-021 (July 7, 2006)
    • Brief Summaries
      • Health Reimbursement Arrangements
      • Employee Stock Ownership Plans
      • Family Limited Partnerships
      • Individual Retirement Accounts
  • August 2006
    • Pension Protection Act of 2006
    • Another Ruling Supports (Irrevocable) Trust-Owned Annuities, But Questions Remain: Private Letter Ruling 2006-26-034 (March 22, 2006)
    • Unconventional Uses of Life Insurance Trusts
    • Brief Summaries
      • Penalty in Early IRA Distribution
      • Insurable Interest
      • Health Savings Accounts
      • Excise Taxes and Tax-Exempt Entities
  • July 2006
  • June 2006
    • Tax Increase Prevention and Reconciliation Act of 2005
    • Naming QTIP Trusts as IRA Beneficiaries: Revenue Ruling 2006-26, 2006-22 I.R.B. 1
    • Innovative Ways to Lend Money to Pay Life Insurance Premiums
    • Policy Transfer and 1035 Exchange with Loan
    • Brief Summaries
      • Estate Taxation of Life Insurance
      • Special Needs Trust
      • Charitable Bequests
      • Excise Tax
  • May 2006
  • April 2006
    • CHAWLA-BUNGA! Fourth Circuit Upholds Voiding Policy for Misrepresentation but Vacates Lack of Insurable Interest for Trust: Chawla v. Transamerica Occidental Life Ins. Co., CA-03-1215 (4th Cir. 2006)
    • Private Deferred Annuity Trust – A Hazardous Way To Sell Highly Appreciated Assets?
    • Understanding the Authority of Tax Law
    • Brief Summaries
      • Nonqualified Deferred Compensation
      • Life Insurance in a Qualified Plan
      • Roth 401(k) Plans
  • March 2006
    • New Law Complicates Medicaid Planning: Deficit Reduction Act of 2005
    • A New York StOLI State of Mind: The Beginning of the End? Office of General Counsel, Opinion 05-12-15 (December 19, 2005)
    • Escrowed Buy Sell – Undercover Cross Purchase
    • Brief Summaries
      • Transfer for Value
      • Gift Taxation
      • Accident and Health Plans
      • Selected Provisions from the Deficit Reduction Act of 2005
      • Circular 230
  • February 2006
    • Be Careful What You Ask For (And What You Don’t): IRS Rules on Installment Gifts to a Life Insurance Trust: Private Letter Ruling 2006-03-002 (January 20, 2006)
    • No Estate Tax with the Switheroo in this Grantor Trust: Private Letter Ruling 2006-03-040 (January 20, 2006)
    • IRA Investment in Owner’s Business Through “Conduit” LLC is a Prohibited Transaction: DOL Advisory Opinion 2006-01A
    • The ABC’s of Tuition Payment: Today’s Lesson – How To Make Unlimited Tax Free Gifts By Prepaying Tuition
    • Brief Summaries
      • Family Limited Partnerships
      • Qualified Terminable Interest Property
      • Gain on Sale of Home
      • COLI
      • Roth IRAs
  • January 2006
    • Nothing to Report IS Newsworthy! IRS Suspends W-2 Reporting Requirements Under §409A: IRS Notice 2005-94, 2005-52 I.R.B. 1208 (December 8, 2005)
    • Giving Made Easier: Annual Exclusion for Gifts Increased to $12,000 in 2006
    • Brief Summaries
      • Self-Employment Tax
      • IRAs – Spousal Rollovers

This publication is not intended as legal or tax advice. This information was compiled by The Northwestern Mutual Life Insurance Company. It is intended solely for the information and education and/or promotional purposes of Northwestern Mutual financial representatives and advisors with whom they work. It must not be used as a basis for legal or tax advice, and is not intended to be used and cannot be used to avoid any penalties that may be imposed on a taxpayer. Financial representatives do not give legal or tax advice. Taxpayers should seek advice based on their particular circumstances from an independent tax advisor. Tax and other planning developments after the original date of publication may affect these discussions.

© 2016 The Northwestern Mutual Life Insurance Company, Milwaukee, WI