Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Goldman Sachs Loses $428 million in Third Quarter (AP)
By Christina RexrodeIt was only the second quarterly loss for the investment bank since it went public 12 years ago. The bank said at its last earnings call, in July, that it would eliminate as many as 1,000 jobs to cut costs.
October 14, 2011
Court OKs Crummy Crummey PowersAlthough this taxpayer came out unscathed, proper Crummey gifting remains an essential aspect of life insurance trust administration.
October 13, 2011
Friendly Fire Hits Boehner on Dodd-Frank Reform Law (The Hill)As Republican presidential candidates push for House GOP leaders to repeal the 2010 Wall Street reform law, politicians like John Boehner (R-Ohio) face a difficult decision: Follow party wishes or follow political common sense.
October 10, 2011
Carrier STOLI Suits Not Limited by Contestability PeriodThe Delaware Supreme Court recently held that life insurance carriers are not limited by the contestability period when they challenge a policy for lack of an insurable interest.
October 07, 2011
Top 10 Best Cities for Educated Job SeekersIn a tough job market it always helps to know some of the best places to find work. More educated members of the labor force will find more opportunities in some of these cities, where the demand for education narrows the field of applicants.
October 06, 2011
OppenheimerFunds to End Donor Advised Fund ProgramOppenheimerFunds will end its Legacy Donor Advised Fund Program and transfer the assets to Fidelity Charitable, the firms chief marketing officer, Marty Willis, announced in a Sept. 9 letter to account holders.
October 06, 2011
Fidelity Launches Online IRA Distribution, Education CenterFidelity announced on Thursday that it has launched a new Retirement Distribution Center on its website in order to help clients manage withdrawals from their IRAs.
October 06, 2011
Shelby Slams FSOC, Questions Chances of SuccessSen. Richard Shelby, the ranking Republican on the Senate Committee on Banking, Housing and Urban Affairs, voiced skepticism on Thursday that the Financial Stability Oversight Council would find success.