Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
IRS Floats Plan to Update Withholding Rules for Annuity Payments
By Melanie WaddellThe 2020 default rate of withholding on periodic payments will continue to be based on treating the taxpayer as a married individual.
May 18, 2020
Unwrapping RMD Waiver Details in CARES ActClients with special circumstances may be especially confused over the impact of the 2020 RMD waiver.
May 14, 2020
Does New PPP Loan Guidance Give Borrowers a License to Steal?The SBA's assertion that it will not challenge the good-faith certification on loans under $2 million has sparked debate.
May 13, 2020
Another Stimulus Package Will Get Done: Political StrategistsThere's consensus that another bill is needed, "just not Pelosi's mammoth package," Valliere said.
May 13, 2020
Rep. Brady: Dems' New Stimulus Plan a 'Recipe for a Prolonged Recession'"I don't know if there will be a fifth emergency aid bill," Brady said. But he discussed plans to boost retirement savings.
May 12, 2020
House Democrats Unveil $3 Trillion Aid Bill With Cash for StatesThe bill includes more cash payments and tax changes; Republicans signaled that they're in no rush.
May 12, 2020
IRS: 6 Reasons a Stimulus Check Could Be Less Than ExpectedIf your clients are disappointed with their Economic Impact Payment, they may fall into one of these categories.
May 07, 2020
IRS Reminds Employers of 3 COVID-19 Tax CreditsIRS details which employers are entitled to credits for employee retention as well as paid sick and family leave.