Tax Deductions
News updates about tax deductions advisors should consider for their clients.
Bill Raises Roth Conversion Limit But Leaves Out IOLI Penalty
By Arthur D. PostalThe final version of major federal tax-cut legislation appears to be a mixed bag for the life insurance industry.The members of the House-Senate conference committee ...
September 27, 2005
Lawmakers Delete Katrina IRA Rollover ProvisionThe final Hurricane Katrina relief bill that President Bush signed Friday left out a provision included in earlier drafts that would have allowed direct, ...
June 01, 2005
Shift to SaveHere are two examples of how income shifting helps clients pay for a child's education: Example #1: A student's college expenses are $20,000 per year In this...
December 01, 2004
Before the Year Runs Out . . .With only a month left in this tax year, there are a few things advisors should know when it comes to tax planning. Dealing with...
October 01, 2004
Getting Over ItThe problem that I believe requires the most immediate and thorough response is the growing reach of the individual Alternative Minimum Tax. This problem is...
October 01, 2004
2004 Year-End Tax TipsTax planning is a struggle for every individual and business owner. There are constant changes to tax rules, and tax professionals are always in need...
August 01, 2004
Community AffairNobody likes paying taxes. But investing in an affordable housing tax credit program allows investors to take some of the pain out of this lifelong...
August 01, 2004
TAX ADVISOR- Look Beyond the Election YearIn a presidential election year, the chief executive and members of Congress typically are too preoccupied with campaigning to bother much with tax changes. But...