Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
New Bill Requires IRS to Create Short Form for Taxpayers Living Abroad
By Melanie WaddellThe bill would also expand the Foreign Earned Income Exclusion to include retirement income earned overseas.
September 06, 2023
IRS Clears Up a Confusing Business Tax Reporting QuestionA tax form used to disclose pass-through entity profits does not allow negative amounts.
August 30, 2023
3 Critical Tax Tips for TD Advisors, Clients as Schwab Integration NearsIRA contributions, distributions and tax withholding should be closely monitored, says consultant Grier Rubeling.
August 30, 2023
IRS Issues Guidance on 2023 State Tax PaymentsThe notice gives updates on refunds, deductions for state income and property taxes, and spillover payments.
August 27, 2023
Opportunity Zone Investments or a 1031 Rollover?Congress may expand the benefits of the opportunity zone program, so interested clients should pay close attention.
August 25, 2023
IRS Extends Deadline for Roth Catch-Up Contributions in New Secure 2.0 GuidanceCatch-up contributions made by wealthy 401(k) participants must be designated as after-tax Roth contributions by 2026.
August 25, 2023
IRS, Treasury Aim to Snag Tax Cheats With ProposalThe proposed rules would require platforms to report customers' capital gains and losses on crypto trading.
August 24, 2023
New Bill Expands REIT Pass-Through Deduction to BDCsThe bill could be attached to a year-end tax bill paired with a budget deal.