Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Sen. Reid Strips Stretch IRA Provision From Senate Bill
By Melanie WaddellSenate Majority Leader Harry Reid, D-Nev., has removed a controversial provision within a Senate highway bill that would have reduced the value of inherited IRAs, commonly referred to as stretch IRAs.
February 21, 2012
Senate Bill Threatens Life of Stretch IRAsIndustry trade groups are up in arms over a provision in a Senate highway bill that would reduce the value of inherited IRAs, commonly referred to as stretch IRAs, and are determined to have it removed.
February 21, 2012
Tax Avoidance Strategies for Small Businesses, Like Your Advisory FirmAdvisor Mike Patton explores a way of reducing the tax liability of your firm.
February 17, 2012
John Bogle on Taxes: Praise for Obama; Raise Capital GainsOften at odds with the modern fund industry he helped create, Bogles comments ran counter to vehement opposition from investment managers and trade organizations over raising taxes on dividends and capital gains.
February 17, 2012
Truth Talking on Taxes: Don’t Believe Everything You HearOur politicians and press distort the facts on what the wealthy actually pay in taxes, but the truth can set you free.
February 15, 2012
Lawmakers Move to Cusp of Deal on Payroll Tax CutCongressional leaders are gauging lawmakers' reactions to a tentative deal extending a 2 percentage-point payroll tax cut and extra jobless benefits through 2012.
February 15, 2012
Payroll Tax Cut Deal Reached in CongressCongressional leaders said late Wednesday they had reached a tentative agreement on a payroll tax cut; legislation likely will be ready for President Obamas signature by the end of the week.
February 14, 2012
Obama Proposes 'Buffett Rule' for Wealthy (Wall Street Journal)President Obama's suggestion to replace the alternative-minimum tax with a 30% minimum tax on people earning at least $1 million is part of his long-range "principles" for a future tax revamp but it isn't part of his budget calculations.