Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
Debate: Should Mega Roth IRA Balances Be Capped?
By Robert Bloink | William H. ByrnesTwo professors debate whether the IRS should be able to tax any amount of tax-preferred IRAs exceeding an established limit.
August 18, 2021
Retirement Bill Is 'Fatally Flawed,' Kitces' XY Planning Tells LawmakersThe Retirement Security and Savings Act would allow steering of plan participants into higher-cost proprietary investments, Kitces said.
August 12, 2021
The Senate Passed a Tax and Infrastructure Bill. Here's What Comes Next.Senate Majority Leader Chuck Schumer pledges to push ahead with Biden's agenda. Where will the final bill land?
August 09, 2021
Biden Corporate Tax Hikes Would Hit Retirees, Small Businesses: StudyNew research by the Joint Committee on Taxation finds the hikes could disproportionately hurt U.S. workers, retirees and some 1.4 million small-business C corps.
August 05, 2021
New Bill Closes 'Entire' Carried Interest Tax LoopholeWyden's bill would end the recharacterization of income to lower-taxed investment income and the deferral of tax payments.
July 20, 2021
Should 1031 Exchanges Be Limited?Two professors debate Biden's proposal to cap the amount of capital gains taxes that real estate investors can defer on like-kind exchanges.
July 20, 2021
New Senate Bill Would Overhaul Pass-Through Tax DeductionThe Small Business Tax Fairness Act, introduced by Sen. Ron Wyden, would phase out the deduction for high earners and expand eligibility.
July 16, 2021
Biden's Corporate Tax Hike Plan Would Hit 1.4M Small Businesses, U.S. Chamber WarnsThese firms could be in need of some financial advice if Biden's plan to hike corporate tax rates comes to fruition.