Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Justices Restrict 'Ungodly Broad' Obstruction Charge in Tax Cases
By Marcia Coyle"Just because a taxpayer knows that the IRS will review her tax return every year does not transform every violation of the Tax Code into an obstruction charge," Justice Stephen Breyer wrote.
March 20, 2018
Tax Reform Didn't Kill All Roth RecharacterizationsThe 2017 Tax Act eliminated a client's ability to recharacterize a conversion to a Roth IRA, but the new law continues to permit recharacterization of transactions that were not valid Roth conversions to begin with.
March 19, 2018
T. Rowe Price Launches Multi-Strategy Total Return Fund: Portfolio ProductsAlso, BNY Mellon added an actively managed multisector bond fund to its distribution platform.
March 16, 2018
IRS to End Offshore Voluntary Disclosure ProgramTwo groups of taxpayers may be negatively affected by the closure.
March 16, 2018
NaviPlan Upgrade Boosts 'Advisor Gamma': ExecAdvisors need better financial planning software to compete against robos — and the no-longer-slumbering big banks, says Advicent COO Tony Stich.
March 15, 2018
LPL Affiliate Forms $2.6B Group: Recruiting RoundupPlus, Commonwealth Financial and Raymond James add new advisors in California and Massachusetts, respectively.
March 14, 2018
Gary Cohn's Reported Replacement Missed Signs of The Great RecessionBut Larry Kudlow's list of best and worst calls also includes gains in the stock market if Donald Trump was elected president.
March 14, 2018
Advisors See Clients Benefiting From Tax Reform; Clients Not So SureDespite investor concerns about tax effects, only three in 10 will seek advice.