Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Carrier STOLI Suits Not Limited by Contestability Period
By Robert Bloink, William H. ByrnesThe 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 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.
October 06, 2011
Obama Stumps for 'Buffett Tax'President Barack Obamas tax plan would adopt the 'Buffett Tax' on families earning $1 million or more.
October 05, 2011
Rep. DeFazio Aims to Tax TradingRep. Peter DeFazio, D-Ore., is doing it againpartnering with Sen. Tom Harkin, D-Iowa, to present a bill to tax trades of stocks, bonds and derivatives. The two previously tried in 2009 to propose such a measure, but it failed.
October 04, 2011
CBO Challenges Republicans on Tax IncreasesNew analysis by the CBO casts doubt on whether Congress bold deficit reduction agenda can succeed without Rebublican concessions.
October 04, 2011
Administration Proposal Eliminates Tax Free Status of Muni Bonds for the AffluentHow will the elimination of the muni bond interest exemption affect your clients?
October 03, 2011
Buffett Jabs Wall St., Saying It 'Doesn't Feel Loved'Wall Street doesnt feel loved, Warren Buffett told Charlie Rose in an interview on Sept. 30. Buffett noted that some rhetoric from President Barack Obama led to a lack of support from Wall Street.