Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Tax Planning Advice: Look at Last Year’s Return—Bernard Kiely
By Marlene Y. SatterA minimum of a two-year trend analysis on a client’s tax returns can pinpoint mistakes and opportunities.
March 15, 2011
Tax Planning Advice: Following the Rules on Entities—Martin ShenkmanShenkman reminds advisors to make sure that clients and other professionals who might work with your clients, like insurance agents, follow the rules on entities like Crummey trusts, insurance trusts and S corporations.
March 14, 2011
Tax Planning Advice: Using the Section 179 Deduction—Bernard KielyLast year's Small Business Jobs Act increased Section 179 limitations to $500,000 and expanded the definition of qualified property for the 2010 and 2011 tax years.
March 14, 2011
Tax Penalty Exceptions: Early Distributions From IRAsDon’t overlook exceptions to the 10% tax penalty on early distributions from IRAs; they can save your clients a bundle if they need to tap their retirement account early.
March 14, 2011
Tax Planning Advice: Charitable Tax Deductions—Gavin MorrisseyIn the wake of the 2010 Tax Act, charitable giving becomes more interesting, says Gavin Morrissey.
March 14, 2011
Tax Planning Advice: Minimize Clients' AMT Exposure, or Do You?—Tim SpeissAnalyze the impact of the AMT on clients. Would it surprise you to learn that the AMT is sometimes a better option?
March 14, 2011
Tax Planning Advice: Consider a Roth IRA Conversion—Tim SpeissPaying the tax on converted IRA assets at a 35% rate may be advantageous for clients.
March 11, 2011
Tax Planning Advice: Accelerate Income From Deferred Comp—Tim SpeissClients in deferred compensation plans might want to accelerate that income and pay tax at 35% rather than a likely higher rate in the future.