Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
IRS Will Wipe Away $1.2B in Late Fees From Pandemic
By Laura DavisonThe tax agency will automatically issue the refunds or credits for most of the fees to 1.6 million taxpayers by Sept. 30.
August 23, 2022
Debate: How Should the IRS Treat Excess Business Losses?Two professors discuss stretching the limits on these losses for two more years through the Inflation Reduction Act.
August 22, 2022
CFP Board Creates Scholarship Program Honoring First Black CFPThe CFP Board Center for Financial Planning's first endowed scholarship program honors LeCount R. Davis.
August 22, 2022
Want a Better IRS? Simplify the Tax CodeThe Inflation Reduction Act expands its funding by $80 billion over ten years, but that move raises some serious questions.
August 19, 2022
Who Will the IRS Go After With Its $80B Budget Boost?The Inflation Reduction Act beefs up the IRS, but there's a hot debate over which individuals and income levels it will target.
August 18, 2022
Will $80B Solve the IRS's Problems?There are some complicated issues involved with the agency's new budget boost.
August 18, 2022
Trump's Longtime CFO Pleads Guilty to Tax FraudThe Trump Organization is facing the same charges as Allen Weisselberg; both pleaded not guilty last year to the tax scheme, of which the CFO was the biggest beneficiary.
August 18, 2022
Inflation Reduction Act Could Spark Surge in Some Home ImprovementsThe Inflation Reduction Act contains some pleasant surprises for taxpayers interested in making certain changes to their homes.