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.

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
The Moratorium is Over 
It's not news that individual retirement account owners must withdraw required minimum distributions (RMDs) from their IRAs after reaching age 70, or
Chase Away IRA Spousal Rollover Demons 
When IRA custodians get nervous, they often need a private letter ruling to calm them down and tell them that what they're doing or planning to do is
Roth IRA Conversions, Nontraditionally 
A Roth IRA is the same thing as a traditional IRA, but with special features,1 including: Contributions to a Roth IRA aren't tax deductible, while contributions
Nice Booby Prize 
The booby prize when property held in trust is included in a decedent's taxable estate is that the property receives a fresh income tax basis
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