Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Recharacterizing Roth IRAs: It Might Still Make Sense
By Robert Bloink, William H. ByrnesLooming tax increases for 2013 provided your clients with motivation to convert their traditional IRAs into Roth IRAs last year. It is important to re-examine those conversions before this years recharacterization deadline.
September 24, 2012
Boost Home and Capital Gains Taxes on Wealthy, Says Britain’s Deputy PMBritains deputy prime minister called for an increase in taxes on capital gains and on the priciest real estate transactions, saying it was harder for the wealthy to avoid taxes on assets they couldnt just pick up and move.
September 21, 2012
3 States Join Suit Challenging a Part of Dodd-Frank’s ConstitutionalityThree states joined a lawsuit filed in federal court in Washington, D.C., that asked the court to review the constitutionality of the Orderly Liquidation Authority, established under Dodd-Frank.
September 21, 2012
Senate JPMorgan probe said to seek tougher Volcker ruleInvestigators want to know if JPMorgan Chase's $5.8 billion trading loss would have happened under the Volcker Rule's initial draft of the ban on proprietary trading.
September 21, 2012
Lawmakers Grapple With Capital Gains Tax OverhaulAs Congress tackles broad tax reform, where to set the rates on capital gains will be the most controversial and complex issue lawmakers must tackle.
September 20, 2012
The fiscal cliff, in three and a half graphicsWe're heading for a "fiscal cliff," but what does that mean, exactly? NPR provides a simple, visual breakdown of the impending tax increases and spending cuts.
September 20, 2012
11 Key Congressional Committees for Advisors to Worry AboutAs the election approaches, not just the White House and Congress are in play, but also control of congressional committees important to advisors and others in the financial services sector.
September 19, 2012
IRS Untangles One Transfer-for-Value Rule TrapPreferential tax treatment and the flexibility to restructure allocations in estate planning simply don't mix well when it comes to investing in life insurance. A recent IRS private letter ruling could help change that.