Federal Regulation
Get the latest news and insights on regulatory developments affecting financial advisors and the stock market and trading, including news about the SEC, DOL, IRS and the Financial Industry Regulatory Authority.
IRS Finally Issues Guidance on 2010 Estate Tax
By Robert Bloink, William H. ByrnesEstates of decedents who died in 2010 finally have guidance from the IRS on how to opt out of estate tax treatment and allocate carryover basis to estate property.
August 15, 2011
IRS Releases Annuity-LTC Exchange GuidanceThe Internal Revenue Service has come out with a document, IRS Notice 2011-68, that discusses the tax rules that apply to annuity-long term care benefits hybrids and exchanges of annuity cash surrender value for qualified LTC insurance.
August 15, 2011
SEC Launches Inquiry into S&P Downgrade: Financial TimesThe Financial Times reports that the SEC has asked S&P to disclose who knew of its decision to downgrade U.S. debt before it was announced, as part of a preliminary investigation into potential insider trading.
August 15, 2011
SEC Launches Whistleblower Webpage to Report ViolationsWith the official launch of its Whistleblower office on Friday, the SEC also launched a webpage that allows individuals to report a violation of the federal securities laws and apply for a financial award.
August 14, 2011
IRS Releases Annuity-LTC Exchange GuidanceThe Internal Revenue Service has come out with a document, IRS Notice 2011-68, that discusses the tax rules that apply to annuity-long term care benefits hybrids and exchanges of annuity cash surrender value for qualified LTC insurance.
August 12, 2011
Feds Draft Insurance Tax Credit, Small Business Exchange RegsThe Internal Revenue Service has started giving more details about the help individuals are supposed to get when they buy minimum essential health coverage in 2014.
August 11, 2011
IRA Owners on Brokerage Chopping BlockIndividual retirement account holders may find themselves brokerless if the DOL adopts its proposed fiduciary duty rules.
August 11, 2011
IRS Completes Actuarial Table RegsThe Internal Revenue Service has replaced temporary life and annuity actuarial table regulations with final regulations.