Michael J. Jones

Michael
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.

Articles
Retirement Account Death Benefits
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.
Watershed Year 
When it comes to retirement plan accounts, Michael J. Jones says that planners must gear up to incorporate new rules and new opportunities that surfaced in 2014
New Planning Opportunities for Multiple Distributions of Retirement Benefits
On Sept. 19, 2015, the Internal Revenue Service issued new guidance, which changes how distributions from qualified retirement plans to multiple destinations will be treated when it comes to allocating pre-tax and after-tax amounts.
Hedging Against Longevity In Retirement Plans 2
If, as the old quip goes, the worst disease is growing old without money, then the second worst must be running out of money shortly before running out of time. The cure might just be found in final IRS qualified longevity annuity contract regulations.
The 5 Percent Solution 
Michael J. Jones highlights the potential benefits of charitable remainder trusts
Turn of the Screw
In Announcement 2014-15, the IRS said that it will follow the Tax Court’s holding in Bobrow v. Commissioner, strictly applying the one-IRA-rollover-per-12-months rule to all of a taxpayer’s IRAs
Seeing Double 1
In Bobrow, et ux v. Comm'r., T.C. Memo. 2014-21 (Jan. 28, 2014), the Tax Court held that individual retirement account rollover year rules preclude a rollover from a two separate IRAs within the 12-month period beginning with the first of two IRA distributions. That holding is contrary to Publication 590’s clear statement to the contrary on which many taxpayers have no doubt relied. Thus, numerous taxpayers now face tax peril that can undermine retirement security.
An Ounce of Prevention 
Mike Jones addresses how to preserve your clients' tax benefits when migrating assets from retirement funds to IRAs
Game Changer 
Michael J. Jones & Michelle L. Ward discuss the bundle of rights that accompany being a legal spouse
Alternative Investments in IRAs 
Michael J. Jones & Michelle L. Ward offer guidance on handling the complications that can ensue
Sixteen Examples of Qualified Charitable Distributions from Individual Retirement Accounts
Michael J. Jones offers some examples of how QCD transition rules operate in the wake of the American Taxpayer Relief Act
A Break in the Clouds 
Michael J. Jones reflects on the developments in the retirement benefits community in the last year
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