What Are Gift Tax Issues With Annuities?
Tax Facts experts answer: What constitutes a gift of an annuity and What constitutes a gift of a premium?
Sens. Warren, Sanders Push Bill for Free Tax Filing
The Tax Filing Simplification Act would require the IRS to develop a free, online tax preparation and filing service.
For Estate Planning, Don’t Overlook Late Portability Elections
Fortunately, the IRS has provided relief for certain clients who have failed to make a timely portability election.
Navigating the Maze of Variable Annuities
Tax Facts experts explain the nuts and bolts of the annuity world, like what is a variable deferred annuity and an indexed variable annuity.
How to Avoid Extra Taxes When Clients Avoid Marriage
Estate planning for unmarried couples requires an "individualized and resourceful approach."
Has It Become Too EZ to Gain Tax-Exempt Status?
Simplified application has resulted in soaring 501(c)(3) designations by the IRS.
Save Our Savings Coalition Launches in Face of Tax Reform
Groups worry that the tax incentive for retirement plans will be reduced.
What Are Taxes on a Lump Sum Payout of an Annuity?
Find out the tax consequences when an annuity owner takes the lifetime maturity proceeds or cash surrender value in a lump sum cash payment.
Back to Tax Basics: Review the Cost Basis
Advisors and investors should focus on this critical measure to help save money (and time) spent on taxes.
Vanguard Offers Guidance to Donors Wary of Tax Reform
Questions about how tax reform will affect charitable deductions have been pouring in to Vanguard Charitable from concerned donors.