Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Tim Geithner: Obama’s Plan ‘Fairest’ for Promoting Growth
By John SullivanTreasury Secretary Tim Geithner appeared on Bloomberg Television with Julianna Goldman Monday to discuss President Obama's deficit-cutting plan and the crisis in Europe.
September 18, 2011
IRS Clarifies Deductibility of Advisory Fees by Estates and TrustsThe IRS has reissued proposed regs that clarify when a nongrantor trusts or estates investment advisory services are fully deductible for income tax purposes.
September 17, 2011
How to Build a Foolproof Family Limited PartnershipA strong FLP must be custom-built from the ground up or you risk having the IRS or a court set it aside.
September 16, 2011
UBS on Review for Moody’s DowngradeThe same day the $2 billion loss hit the news, the firm was placed on review by Moodys Investors Service for possible downgrade over its risk control measures.
September 16, 2011
Soros Warns Europe: Fix Debt Crisis or Face MeltdownBillionaire investor George Soros on Thursday told European officials that the time for postponing substantive action on the euro zone debt crisis is overotherwise they risk the launch of another Great Depression.
September 15, 2011
IRS Offers Large 2010 Estates Filing, Penalty ReliefLarge estates of people who died last yearthose valued at more than $5 millionwill have until early next year to file required returns and pay any estate taxes due, the IRS announced.
September 15, 2011
Sidestepping Income Tax When a Policy Is Canceled With Outstanding LoansInsolvent insureds can avoid income tax when a life insurance policy is terminated while loans are outstanding.
September 14, 2011
Kleinbard to Congress: The Cows Must DieIncome tax breaks now cost the U.S. government as much revenue as the personal income tax raises, and that has to end, tax experts say.