Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Bernanke to Senators: Don’t Dawdle in Addressing Fiscal Cliff
By Melanie WaddellFed Chairman Ben Bernanke signaled to senators on Tuesday that more quantitative easing measures might be taken and urged lawmakers to not dawdle in addressing the nations fiscal woes.
July 16, 2012
Senate Dems Ready $272B Tax-Cut Extension BillThe highest earning Americans would pay a top rate of 23.8% for capital gains and dividends next year under a $272 billion, one-year extension of tax cuts that Senate Democrats are circulating among themselves.
July 13, 2012
Q2 Earnings Kickoff: JPMorgan Down, Wells Fargo Up and Markets Heave Sigh of ReliefFriday the 13th was lucky for JPMorgan and Wells Fargo as both banks stocks rose higher despite dark news that preceded their Q2 earnings reports.
July 13, 2012
Nightly glass of wine may protect boomer women’s bones (NPR)Researchers found that about one drink a day slowed down the rate of bone turnover, which could protect against fractures over time.
July 13, 2012
Leave an Employer, Roll Over Into an IRA and Then Early Withdraw? No Exception, Court RulesAppeals court upholds an early distribution penalty for a taxpayer who withdrew money from a rollover IRA.
July 11, 2012
Italy May Ask for AidProof that the eurozone debt crisis is far from over came as Prime Minister Mario Monti of Italy said he might look for financial help from the rescue fund to shore up the countrys bonds.
July 10, 2012
Obama Seeks to Shift Election Toward Tax DebateFacing sagging jobs numbers, President Barack Obama sought to recast the November election as a fight over tax fairness on Monday, urging tax cut extensions for all families earning less than $250,000 but denying them to households making more than that.
July 10, 2012
GOP and Dems Debate Tax Cuts for BusinessesSenate leaders of both parties belittled each other's tax cutting plans Tuesday.