Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Fiscal Cliff Deal Kicks Military Families’ Concerns Down the Road
By Danielle AndrusThe feelings of stress and fear that military families reported feeling ahead of a decision on the fiscal cliff and sequestration have only been extended, not assuaged, by the deal passed on Jan. 1, First Command reported Monday.
January 08, 2013
Small biz optimism rises despite 'cliff'The NFIB's small-business-optimism index rose half a point from its level in November to 88.
January 04, 2013
GAO to IRS: Shift Taxpayer Exam PrioritiesCorrespondence exams of individual returns provide far more bang for the buck than broader and more complex field exams, the GAO found in a review.
January 04, 2013
Fiscal Cliff Law: Clients’ Taxes, What’s Next, and How to PlanAll you need to know about the American Taxpayer Relief Actboth good and badand how it will affect your clients and their planning.
January 03, 2013
4 ways seniors are divided on tax hikes for the wealthySeniors weigh in on whether a greater tax burden should be placed on the affluent.
January 03, 2013
Big Boost to 401(k) Roth Conversions in Fiscal Cliff DealThe last-minute deal by Congress to avoid the fiscal cliff contains a new option for workers saving for retirement.
January 03, 2013
Fiscal Cliff Deal Extends Tax Break for ‘Underwater’ HomeownersThe fiscal cliff deal extends the Mortgage Forgiveness Tax Relief Act for one more year, stopping the IRS from taxing mortgage forgiveness as income in the case of a short sale, refinancing or foreclosure.
January 03, 2013
Fiscal cliff deal leaves lots of issues danglingStill unresolved is how to reduce the massive federal deficit.