Michael J. Jones

J. Jones
Partner ,
Thompson Jones LLP

Mike is a partner in Thompson Jones LLP. His tax consulting practice focuses on sophisticated wealth transfer strategy, trust and probate matters (both administration and controversy resolution), family business transitions, and taxpayer representation before the IRS. He is a noted authority on estate planning for IRA and retirement plan benefits, and chairs Trusts & Estates magazine's Retirement Benefits Committee. Mike was listed among CPA Magazine's Top 50 IRS Practitioners and Top 40 Tax Advisors to Know During a Recession.

Ron Wyden
Wyden Bill Both Widens and Narrows Retirement Benefits Rules
U.S. Senator Ron Wyden (D-Ore.) has marked up a bill profoundly affecting retirement benefits, principally individual retirement accounts.
New Revenue Procedure 2016-47 Streamlines Late Rollover Relief
Rev. Proc. 2016-47 makes it possible to obtain relief from the 60-day rollover requirement without applying for a private letter ruling.
IRS Simplifies Process for Waiver of 60-Day IRA Rollover Period
Waiver of the 60-day period for making a rollover to an individual retirement account has just gotten easier.
Not Married By Definition 
Susan von Herrmann and Michael J. Jones examine a recent court decision which held FedEx violated Title I of ERISA by action contrary to federal law and by its refusal to provide a same-sex surviving spouse with ERISA-mandated benefits.
pension plan
One-IRA-Rollover-Per-Year Rule Doesn’t Always Apply
Can distributions from an employer-sponsored tax deferred retirement account be rolled over to an IRA within 60 days of receipt, notwithstanding the Bobrow rule?
IRS Grants 60-Day Rollover Extensions for Silent Distributions
The IRS has released a set of four private letter rulings granting extensions of the 60-day IRA rollover period.
Prohibited Transactions Are Death Knell for Individual Retirement Accounts
Lending of money or other extension of credit between an IRA and a “disqualified person” is a prohibited transaction.
The Importance of Naming a Contingent Beneficiary of a Retirement Account
A recent private letter ruling underscores the importance of making sure your clients name both a primary beneficiary and a contingent beneficiary for their retirement accounts, in case their primary beneficiary dies before they do.
Beware of Hidden Problems That May Derail Client's IRA Rollover
It can be difficult to be in the know about a client’s employer-sponsored qualified retirement plan account, especially when it comes to a deemed distribution resulting from a plan loan default.
IRA Qualified Charitable Contributions Reinstated, Made Permanent 5
In year-end legislation, the Consolidated Appropriations Act of 2016 finally made permanent qualified charitable distributions from individual retirement accounts.Now’s a good time to review the rules.
The Rainbow Reaches Retirement Benefits 
A pivotal year for same-sex marriage, Michael J. Jones discusses the effects of the 2015 Supreme Court ruling and other key developments in the retirement benefits arena
IRS Notice Affects Retirement Account Death Benefits and IRA Rollovers
The IRS has published a safe harbor Notice that may be used to advise both employees and beneficiaries of their rollover options.
Crippled CRUTs
In a recent Tax Court case, the court denied an estate tax deduction, holding that charitable remainder unitrust (CRUT) valuations must exclude consideration of a trust provision limiting payments to net income.
New Law Lowers Age Threshold for Certain Early Distributions
On June 30, 2015, Defending Public Safety Employees’ Retirement Act (P.L. 114-26) was enacted, which applies a lower age threshold for early distributions without penalty for certain plans.
Retirement Account Death Benefits
Individual retirement accounts offer many tax-advantaged saving opportunities.
Industry Newsletters
Investment Category Sponsor Links
Practice Management Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×