Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
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.
July 12, 2023
Medicare and Social Security Fair Share Act Boosts Taxes on WealthyThe bill would apply the Social Security payroll tax to wage, self-employment and investment income above $400,000.
July 10, 2023
IRS Issues New Guidance on Stock Buyback TaxCorporations do not yet have to pay the tax but should keep records, the IRS confirmed.
June 30, 2023
These State Tax Changes Kick In July 1Income, payroll and cannabis tax changes are among those taking effect in various states.
June 27, 2023
IRS to Pilot Free Tax Filing Tool in 2024Sen. Warren and other Democrats are applauding the IRS announcing it is "taking steps to begin a pilot project for the 2024 filing season."
June 26, 2023
Can Congress Tax Unrealized Gains as Income? Supreme Court May DecideThe case, Moore v. United States, could have implications for the debate over wealth taxes.
June 26, 2023
New Bill Changes Estimated Income Tax Payment DeadlinesThe Tax Deadline Simplification Act would ensure the quarterly deadlines are spaced three months apart.
June 14, 2023
House Panel Passes GOP Tax Plan to Raise Standard DeductionEd Slott said the plan included "common sense" provisions. The panel's top Democrat called it "Tax Scam 2.0."