Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
IRS Takes Out NFL ‘Hit Man’ Bill Romanowski
By John SullivanFormer NFL linebacker Bill Romanowski was on the losing end of a $4.75 million IRS judgment over horse-breeding expenses.
February 20, 2013
5 Wacky Tax Deduction Ideas (and Why They Might Work)Rachel Louise Ensign helpfully rounds up some of the oddest tax deduction attempts and explains why some work and some dont.
February 20, 2013
Many Affluent Investors Unaware of How Tax Changes Could Hurt ThemAffluent investors understanding of tax-advantaged investments, like annuities, life insurance and 401(k)'s, varies among demographic groupswith big differences between men and womenaccording to a Nationwide poll.
February 19, 2013
Obama Blasts 'Meat Cleaver' Cuts as Simpson, Bowles Release New PlanWith little time left until the $85 billion in sequestration cuts take effect, President Barack Obama urged lawmakers Tuesday to avert the brutal cuts.
February 15, 2013
Is Financial Planning Becoming Commoditized? Pt. 2, the OutlookThe pressure is on for those who are masquerading as financial advisors without really providing valuable financial planning advice.
February 15, 2013
Financial Crisis's Pricetag Could Top $10 Trillion: GAOLosses incurred by the financial crisis of 2007-'09 could exceed $10 trillion, and the effects could linger for years to come, according to a just-released report by the Government Accountability Office.
February 14, 2013
Financial Planning and Commoditization, Pt.1: Defining TermsFinancial planning itself may remain remarkably resistant to commoditization, but that doesn't mean some advisors aren't in trouble.
February 13, 2013
Richard Niles (1953-2013)Sometimes, we can work right next to somebody and not even know their name. How do we let that happen?