Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Top 14 Advisory Services Clients Want, but Aren't Getting
By Michael S. FischerLess than 10% of clients actually receive some of these services even though the vast majority expect them, a Spectrem survey found.
August 12, 2021
The Senate Passed a Tax and Infrastructure Bill. Here's What Comes Next.Senate Majority Leader Chuck Schumer pledges to push ahead with Biden's agenda. Where will the final bill land?
August 12, 2021
Could This Trust Replace the Stretch IRA? Jeffrey Levine Weighs 10 Pros, Cons of CRUTsCharitable remainder unitrusts can provide similar benefits for some investors, but there are many caveats, the CPA says.
August 11, 2021
Social Security COLA Estimate for 2022 Raised to 6.2%The latest estimated cost-of-living adjustment reflects a 5.4% increase in the consumer price index for the past 12 months.
August 10, 2021
Senate Passes $550B Infrastructure Plan in Win for BidenThe Senate, though, didn't get full consent for the approval of a bipartisan effort to replace a broad cryptocurrency tax reporting provision with a more narrowly targeted measure.
August 09, 2021
Biden Corporate Tax Hikes Would Hit Retirees, Small Businesses: StudyNew research by the Joint Committee on Taxation finds the hikes could disproportionately hurt U.S. workers, retirees and some 1.4 million small-business C corps.
August 09, 2021
Democrats Release Budget Enabling Biden's $3.5T Tax, Economic PlanThe blueprint let Democrats raise taxes on the wealthy; it also tells lawmakers to expand the state and local tax, or SALT, deduction.
August 05, 2021
New Bill Closes 'Entire' Carried Interest Tax LoopholeWyden's bill would end the recharacterization of income to lower-taxed investment income and the deferral of tax payments.