Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Ed Slott: IRS' Cure for Conflicts Could 'Wipe Out' IRAs
By Melanie WaddellThe enforcement mechanism against prohibited transactions is excise taxes, which can hurt clients, Slott says.
August 28, 2024
Trump Says His Plan to Renew 2017 Tax Cuts Will Pay for Itself"We're gonna have tremendous growth," he said when asked about the cuts, expected to cost $4.6 trillion.
August 27, 2024
IRS Issues FAQs on Student Loan Repayment Matching in Retirement PlansThe Secure 2.0 Act permits employers to match student loan repayments through retirement plan contributions.
August 26, 2024
3 Florida Men Plead Guilty in Tax Fraud SchemeThe defendants required clients to pay them a portion of the fraudulently obtained refunds, DOJ says
August 21, 2024
Can't Stand Form 1099-R? Tell the IRSTaxpayers can suggest how to improve the distribution form for retirement accounts and annuities, for instance, by Oct. 21.
August 21, 2024
How to Help Clients Navigate Bonds Before Rate CutsAs bond values rise, advisors should consider the tax impact of any sales, which often are best done within IRAs or 401(k) plans.
August 19, 2024
9 Questions to Ask Clients Before School StartsBack-to-school season is a great time to get clients talking about college and education-related costs.
August 16, 2024
IRS Teams With States and Tax Industry to Fight ScamsThe Coalition Against Scam and Scheme Treats aims to quickly alert the public to new and emerging threats.