Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Senators Seek Crypto Reporting Fix as Biden Signs Infrastructure Bill
By Laura DavisonSome U.S. senators aim to narrow cryptocurrency tax reporting rules, which they see as overly broad and stifling to the growth of digital currencies.
November 12, 2021
SALT Cap Is Poised to Get Looser as Democrats Debate Tax ReliefHouse Democrats want to raise the cap to $80,0000, while Senate Democrats aim to phase out the deduction for those with about $400,000 or more in income.
November 11, 2021
15 Capital Gains Tax Facts to KnowWhat advisors should know about changing tax laws, depreciation and the treatment of assets like collectibles and options.
November 10, 2021
10 New Tax Numbers to Know for 2022The IRS just released inflation adjustments for more than 60 tax provisions, including estate and gift tax exemptions and standard deductions.
November 10, 2021
The Biggest Financial Mistakes Business Owners Make: Advisors' AdviceAdvisors discussed how they help business-owner clients avoid mistakes on taxes, insurance and other critical financial matters.
November 09, 2021
How and Why to Use Roth IRAs in Estate PlanningThe Secure Act has made Roth IRAs more valuable as a tax-efficient way to pass assets to heirs.
November 09, 2021
Roth IRA Conversions Are Key to Long-Term Tax Plans, but Watch OutHere's how to prevent your client's CPA from foiling the 5- to 10-year plan you've carefully built.
November 04, 2021
IRS Posts 401(k), IRA Limits for 2022Next year, the tax authority will boost some contribution limits but not all of them.