Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Battle Lines Drawn on Bush-Era Tax Cuts
By Arthur D. PostalSenate floor action on taxes the week of July 23 lays out for the first time the battle lines on the future of the Bush tax cuts, especially estate tax policy going forward.
July 31, 2012
Poll: Jobs should be next president's priority; Tax fairness? Not so much (NPR)Only 32% of Obama supporters indicated raising taxes on the wealthy as a priority, which put it dead last among 12 issues for that demographic.
July 30, 2012
A portrait of a country awash in “red ink” (NPR)Does 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 27, 2012
Have the World’s Wealthy Stashed $21 Trillion in Tax Havens?An organization opposed to tax avoidance estimates the worlds wealthiest individuals have stashed at least $21 trillion in offshore tax havens, an amount greater than the combined GDP of the U.S. and Japan.
July 26, 2012
Ameriprise Loses Profits but Adds Advisors, AssetsThe firm now has more than 9,800 financial advisors in its combined franchisee and employee operations.
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.