Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Lawmakers Schedule Tax Reform Discussion
By Staff WriterThe leaders of the congressional Joint Committee on Taxation plan to hold a discussion on ideas for reforming the U.S. Internal Revenue Code at 9:30 a.m. April 6 in Washington.
March 30, 2011
IRS Tells Foreign Financial Account Holders They Must FileEven if there is ‘no taxable income,’ holders may have to file; no extensions to June 30 deadline.
March 30, 2011
Use of Tax Benefits Hampered by Complexity, Uncertainty: Senate HearingA Senate Finance Committee hearing on Wednesday revealed that poorly understood, confusing and impermanent tax policies muted the effectiveness of beneficial tax policies in ways that affect both businesses and individuals.
March 30, 2011
IRS Launches a Lenient Lien Program for Small BusinessesIf you have small business clients struggling with back taxes and/or tax liens, the IRS is offering ways to reduce their burden.
March 28, 2011
Big Tax Bite Awaits Retirees Who Miss April 1 Deadline for Plan RMDsFidelity Investments urges advisors to make sure clients who turned 70-1/2 in 2010 take their RMD in time, so they don’t face a 50% tax penalty.
March 28, 2011
Federal Budget and Jobs; Securities America Saga—Advisor Briefing for the Week of March 28, 2011Market-moving news of interest to advisors this week: Congress returns to address 2011, 2012 budgets; March unemployment, and the Securities America saga continues.
March 25, 2011
U.S. Economy Challenged After Strong GDP Growth in Q4 2010The U.S. economy, as measured by GDP, grew at an annual rate of 3.1% in the October-December quarter, the Commerce Department reported Friday.
March 25, 2011
France’s Lagarde Pressures Ireland on Corporate Tax RateAs Ireland pressed for a better interest rate on the bailout package it received from the EU and IMF, French Finance Minister Christine Lagarde pushed back.