Michael B. Allmon has authored and been quoted in a number of professional articles and discussions on estate, gift, and income tax, as well as a wide variety of other financial planning topics. The title, summary, source and publishing date for these articles are listed below. Articles cited as legal authority are also noted. Mike was also featured on a podcast which can be downloaded from the “Podcasts” section of this page.
Permission is given to download these articles but not to republish them by any means or to profit from their sale.
Mike’s Published Articles:
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Interact – Social Media Guide for CPAs: Evaluates techniques for utilizing the growing opportunities for CPAs and their firms in the world of social media. Published in the 2011 issue of Caifornia Society of CPA’s Technology & Business Resource Guide.
- Money Talks: Preparing Spouses to Deal with Financial Planning: Advises couples to engage in open communication about various financial matters in order to improve their relationship. Published in July 2010 issue of Caifornia CPA magazine.
- Estate Planning: Time for a Tuneup: Discusses the importance of CPAs in the estate planning process. Published in January 2009 issue of Journal of Accountancy magazine by the AICPA.
- Changing Landscape: Are Aging Baby Boomers Ready for Retirement: Discusses various methods of saving for retirement in a changing economic landscape. Published in September 2008 issue of California CPA magazine.
- Estate Planning 101: What Every CPA Should Know: Outlines various caveats of estate planning and discuss helpful methods for applying federal estate tax rules. Published in June 2008 issue of California CPA magazine.
- FLP Litigation: Discusses recent cases that affect Family Limited Partnerships, and guidance on how to administer an FLP. Published in March 2006 issue of California CPA magazine.
- CPAs as Trust Protectors: Describes the duties of trust protectors and how they can keep trusts up-to-date. Published in March 2007 Journal of Accountancy magazine by the AICPA.
- Rescuing Pension Rescue Plans: Dealing With the IRD Problem is More Difficult, But Still Workable: Updates readers on this issue based on a February 2004 Revenue Ruling. Published in August 2004 issue of California CPA magazine.
- An 80% Tax Bracket? Beware the Hidden Tax Trap of IRD: Discusses the possibility of extremely high estate and income taxes applicable to “income in respect of a decedent.” Published in December 2003 issue of California CPA magazine.
- FLP Audit Triggers: Family Limited Partnerships Raise Red Flags at IRS: Published in May 2002 issue of California CPA magazine.
- Natural Fiduciaries: Summarizes CPA skills and expertise that make CPAs a natural choice for fiduciary roles such as executor or trustee. Published in November 2001 issue of California CPA magazine.
- Extended Payout – IRS Eases Rules for Retirement Account Distributions: Explains January 2001 tax changes to the rules regarding distributions from retirement plans (co-authored by Michael B. Allmon). Published on May 25, 2001 in the Los Angeles Daily Journal.
- It’s Impossible to Avoid Death, But You Might Avoid Taxes: Michael discusses the proposed changes to the estate tax and suggests specific estate planning devices that should be utilized even if proposed estate tax changes become law. Published on August 2, 2000 in the San Francisco Chronicle. Published on July 28, 2000 in the East Bay Business Times as Feds Should Separate Death and Taxes on Estates. Published on July 27, 2000 on Accountingweb.com (Internet site) as Separating Death and Taxes. Published in July 2000 issue of California CPA magazine as How Can I Avoid Estate Taxes for My Heirs?
- Should Clients Use a CUTMA Account to Save for their Children’s Education?: Discusses the estate and financial implications of CUTMAs and alternatives to correct problems from the use of CUTMAs. Published in November 1999 Monthly Statement of California Society of CPAs.
- Planning for the Suddenly Wealthy: Provides advice to those who acquire wealth suddenly from an advisor’s point of view. Published in the February/March 1989 edition of Practical Financial Planning.
Articles Mentioning Mike:
- When Your Tax Ship Comes In: Provides a summary of income tax and estate tax changes resulting from the Economic Growth and Tax Relief Reconciliation Act of 2001. Published on June 4, 2001 in the San Jose Mercury News.
- Tales of Tax Fraud Are a Hoot, but the Penalties Are No Joke: Includes a quote from Mike, describing an anecdote about unusual income tax deductions. Published in March 2004 issue of the Washington Post.
- Where There’s A Will, There Are Mistakes: Discusses common mistakes of estate planning. Published on January 8, 1996 in Business Week.
- Impact: Repeal Holds Out Little Benefit to Estates Under $4 Million: Estate Tax reform article for which Michael B. Allmon was interviewed. Published on July 15, 2000 in the San Jose Mercury News.
- Four Ways To Avoid Estate Planning Errors: Discusses practical estate planning tips. Published in December 1995 in Investor’s Business Daily.
Other:
- Articles on Amazon: A selection of Mike’s articles are available to purchase on Amazon.
- Beach Business Bank Advertisement: Mike appears in a Beach Business Bank advertisement, as seen in The Daily Breeze throughout 2009 and 2010.
- 20 Common Estate Planning Mistakes to Avoid: Good pointers to make note of so these mistakes are not repeated.
- Family Limited Partnerships in Financial and Estate Planning: Analyzes the use of entities in financial and estate planning. In 1999, this article was cited as legal authority by a California law book, CEB’s California Limited Liability Companies. Published on December 1994 in the California Business Law Practitioner.
- Breathe!: Mike offers insight into building strength and skill as a runner.
Podcasts:
- “Preparing for End of Life” - In this audio interview with Bill Spaniel of the California Society of CPAs, Mike details his experiences with wills, living trusts, letters of instructions, and powers of attorney.
- Download (mp3 format) – right-click and “save link as” to download
- October 2009 edition of the CalCPA Financial Empowerment podcast
