Screen Shots

Sample Reports

Roth Conversion Short Report

Roth Conversion Long Report

Inherited Report

Sample Presentation Reports

Sample Analysis Reports

Version History

Version 2024.00 (Released 05/20/2024)

• • Added the 2024 Estate Tax Exclusion adjustment ($13,610,000).
  • Added the 2024 Income Tax adjustments
  • Updated the plan maximum contributions for 2024
  • State Death Tax Manager data file was updated for 2024 adjustments to NY, RI, ME, and DC.  If additional state changes are necessary for 2024 after the 2024.00 release, a SDTM data file update will be made available that can be downloaded within the program.
  • State Death Tax Manager (SDTM): MA has been updated for 2023+. These changes required a new RPA compiled build (changes were required beyond the downloadable file).
  • Input Assumptions: The checkboxes for the Amortize (equal payments) of the 10 Year Rule was not begin saved to the data object.
  • Amortized Payments (Equal Payments during 10 year payout): for owners that reached Required Beginning Date, the selection for the amortization was ignored and based off the required distributions.
  • Issue resolved where the beneficiary uses equal distributions during the 10 year period (amortized), but their life expectancy is less than the 10 years. In this case, the input is ignored and distributions  are paid based on the life expectancy.

Version 2023.00 (Released 01/26/2023)

• • Added the 2023 Estate Tax Exclusion adjustment ($12,920,000).
  • Added the 2023 Income Tax adjustments
  • Updated for SECURE Act 2.0. RMD starting ages for years of birth 1951-1959 (age 73) and 1960+ (age 75).  Those born before those dates will use the rules from the SECURE Act of 2019.  Contributions Catch-Up for maximum contributions for ages 60 through 63 were also modified to reflect the changes from SECURE Act 2.0.
  • State Death Tax Manager data file was updated for 2023 adjustments to NY, RI, ME, and DC.  If additional state changes are necessary for 2023 after the 2023.00 release, a SDTM data file update will be made available that can be downloaded within the program.
  • The Minimum Distributions report has been modified to include the age column.
  • New help file topics for recent changes can be found under the Help menu
  • Case Analyzer: removed the Age of Majority column from the Beneficiary Tab.  The Proposed Regulations from 2/2022 states that it is no longer state specified age of majority, but rather a static age of 21.  These were inactive inputs in 2022.20 and have been removed.
  • Input behavior change: When a non-spousal beneficiary was designated as a legal minor child of the owner AND was designated as disabled or ill, the legal minor child option superceded the disable/ill option.  The result was that the fund was paid out by the beneficiary's 31st birthdate, as opposed to running for the life expectancy because the disabled option was selected.  For prior versions, the user had to select one or the other.
  • Bug fix: when a non-spousal beneficiary was designated as a legal minor child of the owner AND the death of the owner was after the non-spousal beneficiary turns 32, the 10 year payout did not occur.  The only option was to turn off the legal minor option in prior versions, if the beneficiary was to be older than 31 when the plan owner died.
  • Bug fix: when a spouse inherits the plan, but did not perform a rollover, and a death year was entered for the spouse, the 10 year counter for distributions to begin was using the death year of th eonwer, and not the spouse.
  • Bug fix: when a non-spousal beneficiary was designated and was OLDER than the plan owner (thus an EDB), and the plan owner died after the required beginning date AND after 2019, the rules indicate that the yearly LE for the beneficiary should be based on the life of the place owner, less 1 for each year... but if the LE based on the beneficiary goes below 1, then the plan needs to be fully distributed.  This impacted cases were the beneficiary was significantly older than the plan owner.  Prior versions would continue to illustrate the stretch beyond the life of the plan owner, and ignore if the LE of the beneficairy dipped below 1.
  • Display issue: when making contributions to a Roth 401(k), the checkbox to use maximum contributions based on the year and age showed properly, but the option to select between 401(k) and IRA Rules did not show.

Version 2022.20 (Released 07/12/2022)

• • Updated for the proposed Required Minimum Distribution changes from the Treasury department from 2/2022.
  • Added a Notes section to the Client Information screen.

Version 2022.10 (Released 03/07/2022)

• • Updated the Pre-59½ calculations required for IRS Notice 2022-6, dated 1/18/2022.
  • Fixed a bug where the plan owner died prior to 2020, and a non spousal inheritor is illustrated to die in 2020+.
  • Estate Tax adjustments, including 2022 exclusion for DC.
  • Print to File: Excel feature.  When using this feature and the report spans several pages, prior versions would cause Excel to report an error when opened. Pages beyond the first page were not converted over due to the error. A temporary solution has been implemented to force all report data on the first worksheet.

Version 2022.00 (Released 01/10/2022)

• • Income Tax Adjustments for 2022 are included.
  • Estate Tax Adjustments for 2022 are included.
  • State Death Tax Manager updated for 2022 for states NY, RI, ME, and IA.  Iowa was also updated to reflect changes for 2023-2025.
  • Submit Technical Support button added to allow for easy and quick technical support within the program.
  • Release Notes feature added under the Help menu. 
  • Maximum Contribution Limits for 2022 are included. 
  • Bug fix: when illustrating an inherited IRA where the plan owner dies in 2020+, and the First Year of the Analysis is set to at least two years beyond the death year, the ten year counter for non-exempt beneficiaries was not being offset to accomodate the First Year of the Analysis.
  • UI/UX Experience: Several minor cosmetic changes were made to the program to enhance the user experience (boldness, font consistency, etc.).

§1.401(a)(9) Table:  This table was updated to reflect the changes for 2022+ in version 2021.00. This includes the redetermination calculation for non-spousal beneficiaries during the transition time (if they are inheritors in 2021 or before - it will recalculate in 2022).

Version 2021.00 (Released 03/26/2021)

§1.401(a)(9) Table:  This table has been updated to reflect the changes for 2022+. This includes the redetermination calculation for non-spousal beneficiaries during the transition time (if they are inheritors in 2021 or before - it will recalculate in 2022).

• • Income Tax Adjustments for 2021 are now included.
  • Estate Tax Adjustments for 2021 have also been included.
  • View Reports and Graphs Window: The Recommended Reports have been updated to include several commonly used reports.
  • Print Window: The tab selection now includes the Recommended Reports tab, which displays the same report suggestions from the View Reports and Graphs window.
  • Case Analyzer Window:  The beneficiary information only contained the Birth Year for each beneficiary. It now matches the same input structure (full birthdate) in the Client Inputs section of the program. 
  • Quick Client Input Screen:  Using the "Edit" menu to enter "Client Information" only contained the Birth Year for each beneficiary. It now matches the same input structure (full birthdate) that appears in the Client Inputs section of the program.  
  • Net Distributions Presentation Report:  There was an issue if the number of years of the analysis resulted in a final year for which the 10-year rule (SECURE Act) had not completed. A workaround was to use the computed number of years instead of manually entering the number of years. This issue only impacted this report.
  • UI/UX Experience: Several minor cosmetic changes were made to the program to enhance the user experience (boldness, font consistency, etc.).

Version 2020.11 (Released 06/11/2020)

• Non-spouse beneficiaries now use a full birthdate, instead of just the year (required for rule where beneficiary is no more than 10 years younger than owner).

• Improved Installation functionality

• Bug fix: When Spouse is named beneficiary but does not Rollover the IRA, 10 year rule when spouse dies was not in effect when the spouse dies after 2019.

• When multiple non-spouse beneficiaries are entered, and separate accounts is not designated, the software uses the conservative approach that if just one beneficiary does not qualify as exempt, then none qualify (using the Oldest Beneficiary).

Version 2020.10 (Released 04/17/2020)

• CARES Act Update - allows for user to select to skip 2020 RMD or calculate it
• Fixed an issue with a 3d chart not rendering in a PDF
• AFR optimization when retrieving the file from Brentmark server
• Fixed an issue where the plan owner dies before 2020, and the beneficiary (non spouse, or spouse that does not rollover) also dies prior to 2020.

Version 2020.00 (Released 01/27/2020)

• SECURE Act Update.
• All beneficiaries have new inputs for disabled, legal minor child
• On the 'Assumptions' popup, added the ability to amortize the 10 year payout or pay full in 10th year. 
• 2020 Income and Estate Tax adjustments have been added.
• The State Death Tax Manager has been updated to include the latest State Death Tax Manager Data File released on 01/20/2020.
• Changes were made to include 2020 adjustments for NY, HI, ME, and RI.
• Added Brentmark News Channel
• Several minor other changes

Pricing

All Desktop products require the initial purchase of the software and the annual maintenance service fee to remain active and operable. The maintenance service allows your software license to stay current and receive updates, new features, legislative and tax law changes, bug-fixes, etc.  Expiration or lapse of your annual maintenance service fees could result in the requirement to purchase a new license of the software. 

The pricing includes the initial purchase of one (1) software license and twelve (12) months of complimentary maintenance service.  At the expiration of this complimentary maintenance service period (12 months from the date of initial purchase), you will be charged for the first year of annual maintenance service.  Your next fee will be assessed exactly one (1) year later and every year after that for your yearly maintenance service.

PRICING SCHEDULE

Pricing of Brentmark's products is subject to change without notice.  While we make every effort to provide you the most accurate, up-to-date information, occasionally, one or more items on our website may be mispriced.  If a product listed is an incorrect price due to typographical, photographic, or technical error or error in pricing information received from our partners or suppliers, Brentmark, Inc. shall have the right to refuse or cancel any orders placed for the product listed at the incorrect price.

If an item's correct price is lower than our stated price, we will notify you of the price error and order cancellation. You may also choose to receive a refund for the difference in the correct price, and the erroneous price you were charged, or alternately have your order canceled and charged the correct price.

Should you have additional questions please Submit a Support Ticket.