Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Obama Signs Payroll Tax Cut Extension into Law
By Mark S. SmithPresident Barack Obama signed the payroll tax cut extension into law Wednesday, notching an election-year victory and rare bipartisan agreement in the continuing partisan battle over jobs, taxes and debt.
February 22, 2012
White House's Corporate Tax Reform Derided by Republicans, BusinessesThe Obama administration has unveiled a framework for corporate tax reform that lowers rates while eliminating loopholes, but the proposal has already met with sharp criticism from Republicans and corporations for proposing a rate higher than the developed-country average.
February 22, 2012
Republican Image on Taxes Takes a Hit (Los Angeles Times)Republicans have had a clear advantage in voters' minds on taxes for years, but it's being challenged by recent debates over the payroll tax cut.
February 22, 2012
Sen. Reid Strips Stretch IRA Provision From Senate BillSenate Majority Leader Harry Reid, D-Nev., has removed a controversial provision within a Senate highway bill that would have reduced the value of inherited IRAs, commonly referred to as stretch IRAs.
February 21, 2012
4 Items to Consider Regarding Taxes in Benefit PlanningPoliticians' amorphous tax claims make for great entertainment and plenty of copy for journalists, but they dont provide any guidance for the entities that have to pay these taxes.
February 21, 2012
FPA's Bob Rodriguez: Window Narrowing to Avoid Fiscal DisasterThe famed money manager warned that next year would be the most crucial in the past 80 to right our fiscal path before budgetary financial pressures will explode."
February 21, 2012
Senate Bill Threatens Life of Stretch IRAsIndustry trade groups are up in arms over a provision in a Senate highway bill that would reduce the value of inherited IRAs, commonly referred to as stretch IRAs, and are determined to have it removed.
February 21, 2012
Tax Avoidance Strategies for Small Businesses, Like Your Advisory FirmAdvisor Mike Patton explores a way of reducing the tax liability of your firm.