Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Leave an Employer, Roll Over Into an IRA and Then Early Withdraw? No Exception, Court Rules
By Richard Niles, J.D.Appeals court upholds an early distribution penalty for a taxpayer who withdrew money from a rollover IRA.
July 10, 2012
GOP and Dems Debate Tax Cuts for BusinessesSenate leaders of both parties belittled each other's tax cutting plans Tuesday.
July 10, 2012
GOP and Dems Debate Tax Cuts for BusinessesSenate leaders of both parties belittled each other's tax cutting plans Tuesday.
July 09, 2012
Obama Proposes to Extend Bush Tax Cuts Excluding Top EarnersPlan would be for one year and exclude those families earning more than $250,000; GOP opposed, wants to extend cuts for all.
July 09, 2012
Thousands face Internet loss as FBI shuts off servers (BBC)The servers were seized in November 2011 during raids to break up a hi-tech gang who used the virus to reroute online searches through the servers so victims saw adverts that led to the gang being paid.
July 09, 2012
Obama: Limit Bush tax cuts to $250K incomes (Politico)On Monday, President Barack Obama asked Congress to pass a one-year extension of the Bush-era tax cuts for households making less than $250,000 before they expire at the end of the year.
July 07, 2012
IRS to Help Ex-Pats, Dual Citizens Catch Up on Tax FilingsNew procedures will cover missed tax returns and FBARs, based on taxpayers compliance risk profiles.
July 06, 2012
What Obama Health Law Means Now That It's Called a TaxConsidering the Patient Protection and Affordable Care Acts broad reach, one simple thing is true of the PPACAs potential tax and investment consequences: its complicated.