IRS Tweaks Offshore Account Rules to Prod Tax Cheats to Pay Up
IRS expands its program to encourage the millions of Americans who have cheated on their taxes with offshore accounts to come forward.
Wealthy Clintons Use Trusts to Limit Pain of Estate Taxes
Bill and Hillary Clinton have long supported an estate tax to prevent the domination of inherited wealth. That doesn’t mean they want to pay it.
2 Tax-Efficient Savings Strategies for Right Now: Tax Season Lesson, Pt. 2
Here are some counterintuitive strategies to save money in the most tax-efficient manner today (which might change as the IRC changes).
Senate Finance Gears Up for Tax Reform Hearings
Upcoming committee hearings to look at education tax incentives, ID theft and taxpayer privacy.
90% of Taxpayers Say Investment Income Should Be Taxed Like Wages
In addition, most Americans say corporations should pay higher taxes than individuals, a WalletHub survey found.
House Panel Advances Tax Extenders Package
Bonus depreciation, also known as bonus expensing, allows all businesses to immediately deduct 50% of investment in equipment and software.
Making Bonus Depreciation Permanent to Be Debated by House Panel
Making bonus depreciation permanent “is the best option to spur investment, lift wages, grow the economy, create jobs and increase federal revenue,” says Tax Foundation.
Solving the Retirement Income Puzzle: Gamma and the Tax Efficient Frontier
You know about alpha and beta, but you should know about gamma, which provides advisors with the foundation to help clients boost retirement income.
401(k) vs. IRA: The Real Roth Conversion Question
Moving traditional retirement funds into a Roth account may seem like a no-brainer for many clients, but whether to use a Roth IRA or Roth 401(k) can have potentially significant repercussions.
Time to Rein In Rollovers?
If you’ve been paying attention over the past year, you’ve noticed that regulators and those in Washington are placing increased scrutiny on IRA rollovers.