Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
H.R. 4853: House to Consider Pomeroy Estate Tax Amendment (Updated to Reflect Turmoil)
By Allison Bell, Arthur D. PostalAn estate tax proposal to set the personal exemption at $3.5 million for 2 years and the maximum rate at 45%could to come to the House floor today.
December 14, 2010
H.R. 4853: Prospects Improving in HouseHouse Democrats seemed to be moving Tuesday toward letting a tax measure that includes major estate tax and foreign life and annuity tax provisions pass.
December 14, 2010
Tax Bill: Will House Let H.R. 4853 Make Magic?The House is unlikely to take action on H.R. 4853, a tax compromise bill that would stabilize estate tax rules for 2 years, until Thursday, House officials say.
December 14, 2010
Final Senate Vote on Tax Cut Bill Expected WednesdayFinal passage by the Senate of the Tax Relief Bill is expected by Wednesday evening, and President Obama said about Monday's vote: "Folks on both sides of the political spectrum are unhappy with certain parts of the package, and I understand those concerns. But that's the nature of compromise."
December 13, 2010
Professional Development is Critical to Growing Your Advanced Markets PracticePractice and professional development should take place throughout a successful financial professional's career.
December 13, 2010
6 Key IRS Cost-Basis Reporting Changes for Advisor-Clients: Fidelity ReportFidelity released a report on Monday to help advisors "understand differences between the proposed cost-basis reporting requirements and those recently finalized by the Internal Revenue Service."
December 13, 2010
Wall Street Sees Record Two-Year RevenueBanning Wall Street bonuses favored by 70% of Americans. Related?
December 13, 2010
Obama Tax Cut Bill Clears Key Senate VoteThe Senate passed, 83-15, in a procedural vote on Monday President Obama's compromise tax bill, which extends the Bush-era tax rates for two years and extends unemployment benefits for 13 months. The final vote on the bill in the Senate is expected on Dec. 14.