Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Big CPA Group Calls on IRS to Ease S-Corp Stock Reporting Issues
By John ManganaroThe IRS provided a pathway for S corp owners to fix certain stock issuance mistakes.
April 06, 2023
9 Ways to Help Clients Reduce Taxes on Social SecurityThere are a number of ways you and your clients can lower or eliminate taxes on these benefits.
April 06, 2023
SALT Tax Break Gets Fresh Push From RepublicansCongressional talks about state and local tax deductions are ongoing as taxpayers file their fifth tax return with the $10,000 cap.
April 04, 2023
New Bill Revives GOP Push to Repeal Estate Tax"The real issue here is the income tax benefit, which is not mentioned," says financial expert Ed Slott.
April 03, 2023
12 States With the Highest Taxes in America: 2023Researchers for the list looked at taxation tied to real estate, vehicles, income, and the purchase of goods and services.
April 03, 2023
Watch Out When Using This Type of Trust: IRSThis kind of annuity trust can be misused by promoters, advisors and taxpayers trying to eliminate ordinary income and capital gains.
March 31, 2023
What the Latest IRS Ruling Means for TrustsTax experts say a new IRS Revenue Ruling could have a significant impact on wealthy clients using certain types of trusts.
March 30, 2023
7 Estate Planning Challenges to Tackle TodayThe current interest rate climate and tax-friendly framework could shift, so financial advisors and their clients need to act soon.