Roth IRA Conversions: Silver Lining to Market Downturns
Paying attention to market swings can allow your clients to take advantage of benefits that, in some cases, can only be produced by careful timing.
Senate Finance Takes Up Bill to Thwart Tax ID Fraud
The committee plans to mark up a bipartisan bill to help stop identity thieves from fraudulently claiming tax refunds.
IRS Budget Cut Opens Door for Cyberattacks, Tax Cheats: Sen. Wyden
Wyden, ranking member of the Senate Finance Commitee, asks the IRS commissioner to make his case against a $470 million budget cut.
No Taxation With Diversification
An exchange fund — aka a stock swap fund — can help clients diversify out of their concentrated holdings without the immediate tax hit.
How to Save a Spousal IRA Rollover
A common estate planning error can erase the tax breaks of an IRA inherited from a deceased spouse. But recent IRS rulings suggest an exception.
Are Your Clients Paying Too Much in Taxes?
“Right now, many advisors and clients don’t fully appreciate the drag on returns caused by taxes, which adds up quickly,” says Russell's Frank Pape.
Valeant Tells Congress a Different Tax Tale Than Investors
The U.S. Senate Permanent Subcommittee on Investigations held its first hearing under new leadership on Thursday with a dive into the U.S. corporate tax code.
Senate Panel Extends More Than 50 Tax Breaks
Sen. Orrin Hatch says the package includes widely supported tax provisions and “will provide some certainty in the tax code for the next two years.”
IRS, Treasury Close Alt Investment Tax Loophole
Sen. Ron Wyden applauds the move to "bring the hammer down on these basket options once and for all."
Tax Working Groups Submit Reports to Senate Finance
The Senate Finance Committee's five bipartisan tax writing working groups submitted their reports Wednesday to the committee’s leaders on ways to reform the tax code.