Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
10 Tax Deductions That Can Save Clients Money
By Michael S. FischerDeciding whether to itemize or take the standard deduction became somewhat easier for the 2010 tax year when standard deductions for disaster losses, real estate taxes and new motor vehicle taxes and the Schedule L used to calculate them were largely eliminated for 2010, according to a statement issued Thursday...
February 15, 2011
Obama Budget 2012: Tax Changes Would Hit Wealthy ClientsHigher tax rates and fewer itemized deductions could raise taxes for those earning more than $250,000.
February 11, 2011
IRS Initiates New Tax Amnesty Plan for Hidden Offshore AccountsThe IRS on Tuesday announced details of a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes.
February 09, 2011
2010 Q4 Earnings: Prudential Profit Is $213 Million on Strong Annuity SalesAccount values pass $100 billion milestone.
February 09, 2011
FPA Capital’s Bob Rodriguez Says Economic Meltdown Looming: AdvisorOne InterviewInvigorated after a year-long sabbatical, renowned fund manager Robert Rodriguez, CEO of First Pacific Advisors, sternly warns that markets and the economy are threatened by the governments tardiness in addressing fiscal reform.
February 07, 2011
Senate to Vote on Patent Reform; FPA Says Axe Tax Strategy PatentsUpcoming vote to ‘eliminate tax strategy patents’ a plus for planners and taxpayers, FPA says.
February 07, 2011
Estate Tax Planning 101: ‘Call to Action’Estate planning 101 applies to all clients. Guiding clients to get the right counsel is an important conversation to have and another reason for clients to value wealth managers’ services.
February 04, 2011
Tax Patent Bill Heads to Senate FloorThe Senate Judiciary Committee has approved S. 23, a bill that would bar the patenting of tax strategies.