Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
New Bill Would Repeal Estate Tax, Keep Step-Up in Basis
By Melanie WaddellA bill allowing "both income tax and estate tax elimination" will never pass, says Ed Slott.
January 11, 2023
RIA Leaders Fear CPA Retirements Could Complicate Planning EffortsAs experienced CPAs grow more scarce, their services will be harder to source — and more expensive.
January 11, 2023
The IRS Needs Billions to Make TrillionsUnderfunding the Internal Revenue Service allows scofflaws to go unpunished and will increase the budget deficit.
January 11, 2023
Taxpayer Service Expected to Improve in 2023, IRS SaysThe IRS faces "a difficult balancing act with its current resources," Taxpayer Advocate Erin Collins tells lawmakers.
January 11, 2023
House Votes to Strip IRS Funds Intended to Catch Tax CheatsThe provisions call for $80 billion to be spent to boost auditing, customer service and computer systems.
January 09, 2023
14 States With Income Tax Cuts in 2023Many of the cuts are aimed at retirement income, according to the Tax Foundation.
January 05, 2023
Don't Let Excess 401(k), IRA Savings Cause a Cash CrunchAdvisors should help clients balance pretax savings with funds that can be accessed in an emergency.
January 04, 2023
What Would Jack Bogle Think of Single-Stock ETFs?Morningstar's Ben Johnson talks to ThinkAdvisor about what "life after mutual funds" means for investors.