Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
Obama Ships Budget to Congress
By Martin CrustsingerPresident Barack Obama on Monday sent Congress a new budget that seeks to achieve $4 trillion in deficit reduction over the next decade while at the same time showering billions of dollars of increased spending on areas aimed at giving the economy a quick boost.
February 10, 2012
Occupy Essex Sets Sights on PruOccupy movement takes issue with Pru's potential new headquarters
February 10, 2012
Long-Lost Insurance Policy Returns to Bite CoupleIs there any harm in walking away from a policy without receiving confirmation that the policy was canceled by the carrier?
February 08, 2012
IRS, Europe Join to Target Americans Holding Foreign AccountsThe governments of France, Germany, Italy, Spain and the U.K. joined with the Treasury Department to express intent to use a government-to-government framework to implement the requirements of FATCA, which target evasion by U.S. taxpayers using foreign accounts.
February 07, 2012
AICPA PFP: The ‘Other’ World of Financial PlannersLast month witnessed the national conference for the Personal Financial Planning section of the AICPA a world of CPA financial planners that have lived a relatively separate existence from the rest of the financial planning world.
February 07, 2012
'Harry Potter' Star Supports Higher Taxes for WealthyMove over, Wizard of Omaha. Youve got companythe Wizard of Little Whinging. Actor Daniel Radcliffe, best known for his portrayal of wizard Harry Potter, has come out in favor of taxing the wealthy, himself included.
February 07, 2012
Unum Group Reports $425.4 Million Loss in Fourth QuarterUnum attributed the loss in part to an after-tax charge of $561.2 million the company took following its decision to discontinue new group long-term care sales. The company also cited an after-tax reserve charge of $119.3 million in its individual disability closed block.
February 02, 2012
Crowdfunding Enters the Charitable Giving Tool KitNonprofit organizations and other charitable groups focused on worthy causes are always on the lookout for new ways to raise funds. Crowdfunding, an offshoot of crowdsourcing, is gaining traction as a tool for nonprofits and philanthropists.