Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Brown Talks, Democrats Listen
By Arthur D. PostalThe congressional delegates responsible for reconciling the House and Senate versions of the H.R. 4173 financial services bill today went back to work to try to remove a bank tax provision.
June 29, 2010
H.R. 4173: Herding the ButterfliesBackers of the H.R. 4173 financial services bill have been trying to round up the support they need to finish getting the measure through Congress.
June 28, 2010
H.R. 4173: But Wait, There's More . . .Democrats are trying to round up the votes they need to get the H.R. 4173 financial services bill conference report through the Senate.
June 23, 2010
How to incorporate suitability into your selling approachSenior Market Advisor recently contacted some top advisors to figure out how they're working an ethical approach into their sales strategy. Below, we've included some highlights from the responses we received.
June 21, 2010
Congress Ponders Annuity TrustsCongress is mulling over several bills that would significantly narrow the advantages of using grantor-retained annuity trusts to avoid estate and gift taxes as pressure grows to close the yawning federal budget gap.
June 21, 2010
Schwab Report Reviews Upcoming Cost Basis Reporting RequirementsCharles Schwab issued a report on Monday, June 21, designed to help RIAs transition to new cost basis reporting requirements mandated by the Emergency Economic Stabilization Act of 2008.
June 20, 2010
Congress Ponders Annuity TrustsCongress is mulling over several bills that would significantly narrow the advantages of using grantor-retained annuity trusts to avoid estate and gift taxes as pressure grows to close the yawning federal budget gap.
June 18, 2010
Senate Sets Second Vote on Tax Extenders BillAfter two weeks of debate, the Senate plans to vote on the tax extenders/unemployment insurance legislation on Friday night, June 18. Senate Majority Leader Harry Reid said a vote was supposed to take place at 7:30 p.m.