Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
UBS on Review for Moody's Downgrade
By Marlene Y. SatterThe 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 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.
September 13, 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.
September 09, 2011
Former Bush Economist Floats Retirement Reform PlanAn economist to former President George H.W. Bush unveiled a proposal to reform the retirement savings system by replacing the deduction for contributions to retirement savings accounts with a flat-rate refundable credit deposited directly into a savers account.
September 09, 2011
Obama Chides Congress as He Urges Passage of Jobs ActSignaling his exasperation with a lack of congressional action in aiding the U.S. economy, President Obama gave a strongly delivered speech Thursday that laid out his vision for the American Jobs Act, a $447 billion plan.
September 08, 2011
Business Tax Reform: Territorial System, VAT Highlight Senate HearingWitnesses testifying Thursday at the latest Senate Finance Committee meeting on tax reform regarding tax treatment of international businesses, found some common ground but also considerable disagreement on the best strategies to employ.
September 08, 2011
The Bypass Trust Is Obsolete: Now What?If the bypass trust is obsolete, what do we replace it with?