Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Debate: Should Carried Interest Tax Loophole Be Eliminated?
By Robert Bloink | William H. ByrnesTwo professors debate this rule that gives favorable tax treatment to the compensation of private equity and hedge fund managers.
May 20, 2021
How Biden Plans to Crack Down on Wealthy Tax CheatsTreasury says $7 trillion in taxes will go uncollected in a decade if nothing is done.
May 19, 2021
4 Best Countries to Live and Work Abroad: 2021A small number of countries welcome expatriates who qualify for the necessary visas, International Living reports.
May 17, 2021
Expanded Child Tax Credit Monthly Payments to Start July 15Payments will be automatic for those who filed their 2020 tax returns by May 17, this year's tax deadline.
May 17, 2021
U.S. Tax Day Arrives Late With IRS Behind on Millions of ReturnsMonday brings a close to what CPAs and other financial professionals have dubbed the "never-ending tax season."
May 13, 2021
Social Security Rolls Out New, Shorter StatementsThe new, shorter statement, tested on some web users, has a personalized graphic to illustrate the effects of delaying benefits.
May 12, 2021
Should the 'Step Up' in Basis for Inherited Assets Be Limited?Two professors debate President Biden's proposal to change rules allowing heirs to sell assets without paying capital gains taxes.
May 12, 2021
Warren to Propose That Banks Send Account Balances to IRSA former IRS commissioner says payment apps and cryptocurrency exchanges should file "1099NEW" notices.