Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Fidelity Rolls Out Fractional Share Trading for Advisors
By Bernice NapachFractional share trading for stocks and ETFs is now available through Wealthscape,Fidelity's advisor technology platform.
September 22, 2021
What to Do if Congress Locks the Back Door on Roth IRAsAdvisors will have to act quickly if new tax rules eliminating backdoor and mega backdoor Roth IRA strategies are enacted.
September 21, 2021
Democrats Link Debt Limit to Vital Spending Bill in a Dare to GOP"I don't know what the endgame is, because there's no precedent for anything so irresponsible," Sen. Patrick Leahy, D-Vt., said.
September 20, 2021
Kitces' XY Planning Urges SEC to Block Brokers From Offering Financial PlansSuch services are beyond the scope of "solely incidental" advice, says XYPN, which also wants the SEC to tighten rules around advisor titles.
September 20, 2021
Surprise! CARES Act Charity Tax Break for 2021 Is Not Above the Line After AllMany advisors and tax planners missed this change when the CARES Act provision was extended, CPA Jeffrey Levine says.
September 16, 2021
Sen. Warren Pushes Wealth Tax to Help Fund Biden PlanAs lawmakers consider tax measures, Warren also touts her plans to hike taxes on the wealthiest corporations and permanently fund the IRS.
September 16, 2021
10 Tax Changes Advisors Need to Know in House Democrats' PlanAlthough the plan faces congressional hurdles, advisors and clients should start making crucial decisions now, Jeffrey Levine says.
September 15, 2021
House Panel Passes $2T in Tax Hikes, Including IRA LimitsThe House Ways and Means Committee approved tax increases on corporations, high earners and capital gains.