Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
August 12, 2024
House Bill Could Create an Unlimited LTCI Premium DeductionTo fund this tax reform, the bill would repeal some tax incentives tied to less polluting, more efficient energy use.
August 09, 2024
IRS Provides Tax Relief to Hurricane Debby Victims in 4 StatesThe relief order applies to all of South Carolina, most of Florida and North Carolina, and part of Georgia.
August 08, 2024
Debate: Were Texas Courts Right to Pause DOL Fiduciary Standard?The injunction applies to both the investment advice fiduciary standard itself and amendments to PTE 84-24.
August 08, 2024
IRS Clarifies RMD Options for Surviving Spouses Under Secure 2.0The agency's long-awaited RMD guidance answered some questions about new options for these beneficiaries.
August 01, 2024
GOP Senators Block Tax Bill With 100% Bonus DepreciationRepublican senators stopped further action Thursday on The Tax Relief for American Families and Workers Act of 2024.
August 01, 2024
2 Big IRA Rollover Mistakes to Avoid: Ed SlottDirect transfers from account to account help clients skip mandatory withholding, the retirement expert says.
August 01, 2024
Trump Vows to Cut Taxes on Social Security in Bid to Woo SeniorsSuch a move would cut levies for some elderly Americans but could further strain benefits for pre-retirees.
July 30, 2024
Senate to Vote on Tax Bill With 100% Bonus DepreciationThe Senate majority leader plans a Thursday vote on the Tax Relief for American Families and Workers Act.
July 30, 2024
What the New Emergency Retirement-Distribution Draft Guidance Means for AnnuitiesThe latest IRS draft guidelines includes two new ways for clients to tap their nest eggs under the Secure 2.0 Act.
July 29, 2024
IWI Rolls Out New Courses for AdvisorsOne class focuses on the financial planning needs of entrepreneurs, small business owners and aspiring executives.