Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
New IRS Crypto Ruling Can Save Your Clients Money
By Ric EdelmanSome clients with income from crypto staking may have paid taxes prematurely.
August 03, 2023
Taxpayers' Gift Tax Bill Rose to $2.8 Billion in 2021A newly released table for 2021 shows that 1,101 taxpayers owed $1 million or more.
August 02, 2023
IRS to Digitally Process All Tax Returns by 2025By the 2024 filing season, taxpayers will be able to go paperless if they choose to.
July 28, 2023
Considering NFTs? Think Twice Before Using IRA DollarsThe IRS may tax NFTs as collectibles, which could have serious consequences for investors holding them in IRAs.
July 28, 2023
Direct Indexing Isn't Just for StocksAs awareness grows and usage broadens, experts anticipate that direct indexed SMA assets could surpass $800 billion by 2026.
July 28, 2023
IRS Names Strategy Chief to Spearhead Use of $80B Funding BoostDavid Padrino will focus on short- and long-term improvements under the agency's new operating plan.
July 26, 2023
Hunter Biden's Plea Deal on Tax Charges in LimboA hearing over the plea agreement tied to misdemeanor tax crimes and a firearm violation ended on Wednesday without resolution.
July 25, 2023
Debate: Will 2023 RMD Relief Come Back to Haunt IRA Beneficiaries?Some IRA beneficiaries may actually face higher total tax liability, one of our Tax Facts experts argues.