Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
A portrait of a country awash in “red ink” (NPR)
By Staff WriterDoes the U.S. need more tax revenue to pay down its debt? Whom should that tax money come from? How much should the tax code be relied on to close the gap between the rich and the poor?
July 26, 2012
Senate Votes to Keep Bush Tax Cuts for Middle ClassThe Senate passed a bill late Wednesday to extend the Bush tax cuts for families earning less than $250,000 a yearor 98% of Americans.
July 26, 2012
Treasury Releases Model Agreement for Foreign Tax ComplianceThe Treasury Department released Thursday a model agreement developed with France, Germany, Italy, Spain and the U.K. to implement some provisions of the Foreign Account Tax Compliance Act (FATCA).
July 26, 2012
House Republicans Plan Vote to Extend Bush-Era Tax Cuts Following Vote by Senate DemsSenate Democrats pushed through Wednesday legislation that would phase out the so-called Bush-era tax cuts except for families earning $250,000 or less at the end of this year.
July 26, 2012
House Republicans Plan Vote to Extend Bush-Era Tax Cuts Following Vote by Senate DemsSenate Democrats pushed through Wednesday legislation that would phase out the so-called Bush-era tax cuts except for families earning $250,000 or less at the end of this year.
July 25, 2012
Senate Ready for Symbolic Showdown on Tax CutsSenate leaders moved toward a showdown Wednesday with votes on rival Democratic and Republican plans for extending broad tax cuts that will otherwise expire in January.
July 25, 2012
Senate Ready for Symbolic Showdown on Tax CutsSenate leaders moved toward a showdown Wednesday with votes on rival Democratic and Republican plans for extending broad tax cuts that will otherwise expire in January.
July 25, 2012
Insurer ACE Reports 45% Drop in 2Q EarningsThe latest results included $415 million in net realized losses, primarily from variable annuity reinsurance derivatives.