Legal / Regulatory Updates

Regulatory Updates

CFP Board Makes Certification Easier...Sort Of | January 2, 2015

CFP Board made two announcements at the end of 2014 that may make it easier for some to acquire the CFP designation: Challenge candidates are now permitted to meet the "capstone" requirement by... More >>

RESULTS – Computer Based CFP Certification Exam | December 17, 2014

2,147 candidates took the first computer based CFP exam in November 2014. The exam resulted in a 66 percent pass rate, which is the highest pass rate in recent years. The new computer-based exam... More >>

92% of CFPs Pleased with CFP Certification! | November 17, 2014

Considering pursuing CFP Certification? Is it worth it? Imagining how you will feel when you get done? Well, CFP Board conducts surveys of consumers and those who have obtained CFP Certification. In... More >>

Legal Updates

Basis of Property Acquired from a Decedent | November 11, 2015

The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 was signed into law in 2015 and added subsection (f) to IRC Section 1014 and added IRC Section 6035. The purpose... More >>

SEC Okays Crowdfunding | November 9, 2015

The Securities and Exchange Commission recently adopted final rules to permit companies to offer and sell securities through crowdfunding.  The Commission also voted to propose amendments to... More >>

Filing an 83(b) Election Just Became a Little Easier | July 21, 2015

On July 17, 2015, the IRS proposed changes to the 83(b) regulations. These changes should make it slightly easier to comply with the requirements for filing an 83(b) election.Key... More >>

2016 Health Savings Account (HSA) Limits | May 11, 2015

The IRS released Rev. Proc. 2015-30, updating the HSA limits for 2016. For calendar year 2016, the annual limitation on deductions for an HSA for:    •    an... More >>

Congress Passes Extenders Package & ABLE Act | December 20, 2014

Congress approved HR 5771 (the Tax Increase Prevention Act of 2014), which retroactively extends the "tax extenders" through the end of 2014. More >>

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