Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
6-Month Timeline for IRS Plan to Target Tax Cheats: Yellen
By Laura DavisonNone of the funds will be used to increase enforcement tied to those earning under $400,000 a year, according to a memo.
August 15, 2022
IRS to Hike Interest Rates for Q4A 6% overpayment and underpayment rate will apply to most taxpayers starting Oct. 1.
August 12, 2022
House Sends Biden Landmark Tax, Health, Climate Bill to SignThe Inflation Reduction Act passed the House late Friday on a party line 220-207 vote.
August 12, 2022
The Inflation Reduction Act's Impact on Your Client's Bottom LineThe act, being voted on Friday, would raise taxes on some corporations, reduce drug costs and tackle climate change.
August 12, 2022
12 States High Earners Are FleeingNot surprisingly, the states with the biggest net losses of high-income households are traditionally viewed as high-tax states.
August 12, 2022
What Democrats, Republicans Think of 12 Parts of the Inflation Reduction ActPublic policy researchers found much common ground in the legislation among Americans across the political spectrum.
August 10, 2022
Billionaire Minimum Income Tax Act Introduced by House DemocratsHouseholds worth over $100 million would have to pay at least a 20% tax on their full income, including unrealized gains.
August 10, 2022
Social Security COLA for 2023 Estimated at 9.6%While lower than last month's 10.5% prediction, it would be the biggest increase since 1981.