Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Muni Bonds' Tax-Exempt Status Threatened in Fiscal Cliff Talks
By Melanie WaddellMembers of the newly formed Municipal Bonds for America descended on Capitol Hill on Tuesday to protect the tax-exempt status of municipal bonds.
November 27, 2012
Fiscal Cliff Will Force Estate Tax Changes, Andy Friedman PredictsWashington Update's Friedman predicts that a deal will likely follow what President Obama has already proposed: an estate tax exemption somewhere between $3.5 million and $5 million, and a 45% estate tax rate.
November 27, 2012
Tax Reform ‘Threat’ Will Hurt 401(k)s, ASPPA WarnsIt doesnt have quite the emotional resonance of Save the Whales, but its endangered nonetheless.
November 26, 2012
Buffett Slams Norquist, Calls for Higher Taxes on ‘Ultra-Rich’"Lets forget about the rich and ultra-rich going on strike and stuffing their ample funds under their mattresses," because of higher taxes, the billionaire investor says.
November 26, 2012
Forget the cliff, 3.8% PPACA tax is comingWith all the buzz around the Bush tax cuts that are set to expire in 2013, what tends to get overlooked is a tax that will definitely take effect in the new year: the 3.8 percent tax on investment income.
November 26, 2012
Goldman Sachs turns down southern Europe banks as crisis lingersAs Europes debt crisis goes into its fourth year, Goldman Sachs recent decisions to turn down underwriting roles offered by banks in Spain and Italy underscores just how closely the firm is managing its risk.
November 22, 2012
Weight loss drugmakers rise on Aetna policy updateA decision to cover some pills for some patients moves the market.
November 21, 2012
Do You Have What You Need?One of many moving stories of Hurricane Sandy involved a family in an affluent area of New York awakened by the rush of water into their home.