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.

A New Twist On an Old Election
Michael J. Jones describes some of the new rules that apply to tax-free qualified distributions from individual retirement plans.
Clawing Back at Clawback 
Michael J. Jones suggests a potential positive side of clawback
IRS Grants Surviving Spouse’s Individual Retirement Account Rollover Request
Michael J. Jones, partner in Monterey Calif.’s Thompson Jones LLP, discusses a private letter ruling that underscores the importance of considering the hazards of naming a trust or an estate as IRA beneficiary when the surviving spouse will wind up with the ability to direct the IRA to themselves
How to Correctly Determine Annuity’s Present Value
Michael J. Jones, partner at Monterey, Calif.’s Thompson Jones LLP clarifies that practitioners must use nearest age, not attained age, when determining the present value of an annuity, an interest for life or for a term of years or a remainder or a reversionary interest
Five-year Rule Proposal
Battle cry: “No death tax on the middle class”
Response to Reader Questions: Yes, Clawback is Real
A tax rule set to expire is creating confusion
Who’s Afraid of (Gasp!) CLAWBACK?
It’s not necessary to stop the gifts—just do things differently
The Economy and Other Retirement Account Mysteries 
The economy and the markets were major factors in retirement plans last year. Roth individual retirement account 2010 conversions were recharacterized
IRS Provides Relief to Executors of 2010 Decedents
Notice 2011-76 extends certain estate tax filing deadlines
How to Murder a 2010 Roth IRA Conversion 
Last year 2010 was the first year tax-deferred individual retirement accounts could be converted into tax-free Roth IRAs without having to worry about
Due Date Examples 
Here are some examples of the recharacterization deadlines: An individual who extended (that is, filed for and received an extension of time to file his
The 2010 Tax Act Election 
Taxes are a contentious political issue. Elections for positions from county supervisor to the United States president have been won or lost on promises
The 2010 Tax Act Election
Executors of estates of decedents dying last year have a choice: Pay the retroactive estate tax and get a date-of-death basis or opt out and into modified carryover basis. It's not a decision for the faint of heart
Juggling Accounts 
In 2010, the legislature, Internal Revenue Service and courts were busy dealing with retirement benefit issues. Congress expanded designated Roth accounts
New Law Extends Time to Make 2010 QCD Elections by One Month
Taxpayers may elect to treat qualified charitable distributions completed during January 2011 as made on Dec. 31, 2010
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