10 Things to Know About How Investments Are Taxed
Among the investment products advisors recommend to their clients, mutual funds and ETFs top the list, so it's vital to understand their tax implications.
Tax Court Untangles NIIT Passive Activity Trap for Trusts
A recent Tax Court decision paves the way for new trust planning techniques for dealing with the new 3.8% tax on investment-type income.
Stop IRA Rollovers ‘Immediately,’ Expert Warns After Tax Ruling
IRA expert Ed Slott urges advisors to warn their clients about the ruling, which says IRA holders are allowed only one rollover per year.
IRS’ Top 12 Tax Scams: 2014’s Dirty Dozen
The spring tax season is a lucrative one for scam artists who prey on both unwary victims and complicit tax evaders.
Tax Court Provides Help for Estate Planning Using Gift Tax Valuation
Reversing course, the Tax Court recently blessed a valuation strategy for lifetime gifts that can be used to reduce overall estate tax liability.
The Value of Variable Life Insurance: Surrender Charges and Fair Market Value
According to the IRS, the policy value equals the cash value of the policy without regard to any surrender charges. So what do your clients have to include in income if the actual cash surrender value of their life insurance policy is negative?
Charitable Giving and Taxes: Determining a Property’s Fair Market Value
The experts at Tax Facts Online on how the fair market value of a property donation is determined.
IRAs and Taxes, Pt. 1: When Are IRA Funds Taxed?
The experts from Tax Facts Online on the tax treatment of individual retirement accounts.
Charitable giving can reduce your clients’ tax liabilities. However, the general and verification rules for the deduction of charitable gifts must be understood in order to take full tax advantage of such gifts.
Smart Tax Planning Now: 20 Days of Tax Planning Advice for 2013
For the third year in a row, we present tax planning advice throughout the month of March to help you, and your clients, deal with tax season.