Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
IRS Memo Sets Stage for Musk Staffer to Access Taxpayer Data
By Erin SloweyThe IRS is poised to hand over unlimited access to taxpayer data to an advisor from Elon Musk's DOGE.
February 12, 2025
House GOP Takes First Step Toward Tax Cuts, Debt Limit IncreaseThe plan requires $1.5 trillion in cuts over a decade in programs like Medicaid and SNAP.
February 10, 2025
Trump Tax Cuts’ Cost Estimated at $5T to $11TSome of the president's proposals affect Social Security, overtime pay, tips and SALT deductions.
February 07, 2025
Trump Takes Aim at Private Equity’s Favorite Tax Perk AgainThis could reduce the deficit by $13 billion through 2034, according to the Congressional Budget Office.
February 07, 2025
Debate: Does the U.S. Benefit From Trump’s Tariffs?If tariffs on Canada and Mexico become effective, a 25% levy will be imposed on virtually any product from these countries.
February 06, 2025
The Social Security and Medicare Consequences of 'Unretirement'It's critical that clients understand the financial repercussions of returning to work before they decide to unretire.
February 06, 2025
Trump Will Seek to End Carried Interest, Expand SALT Deduction in Tax BillThe president would also like to end breaks for sports team owners, his press secretary says.
January 31, 2025
New Bill Would Revamp IRSThe legislation would make "common-sense fixes" to the agency, say Sens. Mike Crapo and Ron Wyden.