Tax Reform
Learn about the latest tax reform developments and their potential impact on your clients' income, portfolios and financial plans more broadly.
IRS Falling Behind in Issuing Tax Reform Guidance: GAO
By Melanie WaddellOf 51 planned final business and international regs, "Treasury issued five within the 18-month time frame," GAO said.
January 16, 2020
Big Banks Reap $32B Windfall From Trump Tax Cuts: ReportBank of America, JPMorgan, Wells Fargo and others paid 18% in taxes vs. about 30% two years ago, Bloomberg says.
December 18, 2019
For Tax-Preferred Charitable Gifts, Use This Workaround by Year-EndThe QCD provides a valuable tax benefit for charitably minded clients hurt by the tax reform changes.
November 08, 2019
Avoiding Roth IRA Conversion Tax TrapsOne potential trap in converting to a Roth applies to clients who have yet to reach age 59 ½.
November 05, 2019
Half of Donors Have Changed Giving Strategy Since Tax Reform: FidelityYet few have reduced their giving since before the tax law was enacted, Fidelity Charitable reported.
October 08, 2019
10 Least Tax-Friendly States: 2019Kiplinger compared the states using a formula that accounts for income, property, sales and fuel taxes.
October 02, 2019
Top 10 Tax-Friendly States: 2019Kiplinger compared the states using a formula that accounts for income, property, sales and fuel taxes.
September 30, 2019
Hit by Natural Disaster? Tax Reform Tangles Tax ReliefClients now must understand both the complexities that have always existed in claiming a loss deduction and the changes made by the tax law.