Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Berlusconi Could Fall as Italy Teeters
By Marlene Y. SatterSilvio Berlusconi, who has resisted calls to step down as prime minister of Italy, may be on the way out regardless, if former party loyalists continue to rebel.
October 26, 2011
Graegin Loans: Estate Liquidity SolutionDo you have a client whose eventual estate will have a severe shortage of cash due to a family business? Try a Graegin loan.
October 25, 2011
UBS Beats Estimates; Net New Money Expands in Americas: Q3 EarningsThe U.S.-based wealth management unit had about 6,900 advisors and inflows of $4.5 billion in the most-recent quarter.
October 25, 2011
Taxpayers Get Billions in Erroneous Education Tax CreditsThe IRS has erroneously accepted claims from over two million taxpayers who were not entitled to draw education tax credits, according to a report from the Treasury Inspector General for Tax Administration, and the cost is in the billions of dollars.
October 25, 2011
Buy-Sell Agreements: Avoiding Transfer-for-Value ProblemsTransfer-for-value problems with insurance-funded buy-sell agreements can convert otherwise income-tax-free death benefits to ordinary income.
October 23, 2011
Expanding Your Practice Beyond the For-Profit WorldFor most life insurance and financial service professionals, non-qualified deferred compensation calls to mind executive benefit plans used in the for-profit world: bonus plans, split-dollar arrangements, salary-continuation and salary-reduction packages used to recruit, reward and retain top management talent.
October 20, 2011
IRS Raises 401(k) Contribution Limits to $17,000 for 2012The Internal Revenue Service announced Thursday cost of living adjustments affecting contribution limitations for pension plans and other retirement-related items for fiscal year 2012.
October 19, 2011
Raymond James’ Income Flat as Advisor Headcount Rises: Q3 EarningsPrivate-client sales for the past 12 months were nearly $2.2 billion, a 15% increase over the 2010 fiscal year.