Results for "tax"

Displaying 1,367 results

Sort: Date | Relevance

Author:

Here's what could happen to your taxes if Democrats regain control of Congress

August 23, 2018

Republicans thought the historic overhaul that slashed taxes would be one of their main campaign selling points ahead of November elections. Instead, Democrats are talking more about the law — and how they want to undo it. In their bid to...

IRS blocks New York, New Jersey plans to elude cap on SALT deduction

August 23, 2018

The Internal Revenue Service put the tri-state area on notice: The charitable workarounds that New York, New Jersey and Connecticut approved in response to the new federal cap on deductions for state and local taxes aren't acceptable to the...

Aretha Franklin estate echoes planning problems of Prince

August 22, 2018

Aretha Franklin's death is going to cause some headaches for her heirs. The legendary Queen of Soul didn't have a will or trust at the time of her death from pancreatic cancer last Thursday, according to news reports. That's especially surprising,...

Pensions are the new tax dodge, especially for rich business owners

August 15, 2018

There's one area where the traditional pension plan is getting new life: as a tax dodge for wealthy business owners. Pensions, also known as defined-benefit plans, can be used by doctors, law partners and wealth managers to stash hundreds of...

Are Roth conversions after 70½ advisable? 5 factors to consider

August 9, 2018

The biggest benefit of a Roth conversion of an individual retirement account is the tax-free compounding over time. Those who are over age 70½ obviously have less time to make the upfront tax cost of a Roth conversion worth the benefit, given...

IRS provides guidance on pass-through taxes, targets loophole

August 8, 2018

The Internal Revenue Service provided some long-awaited answers for business owners hoping to dodge the limits on a juicy new tax break. The IRS's proposed regulations make it clear that the agency considers a planning technique known as "crack...

Wages can boost Social Security taxes, Medicare premiums

August 7, 2018

My recent column on how income from a job can temporarily reduce or even eliminate Social Security benefits claimed before full retirement age prompted some interesting questions from readers. Those questions allow me to clarify how earnings...

Where does the proposed indexing of capital gains leave retirement accounts?

August 1, 2018

There has been talk in Congress about indexing capital gains for inflation. This talk was largely under the radar until this week, when the story hit the front page of the New York Times. Its story says that the White House might try to make...

Digital plus human equals the future of advice

August 1, 2018

Speculation about the future of advice will never end, and with good reason: The future is unpredictable. But when the future conversation about the future focuses solely on technology and the disruptions that will emerge as a result, we lose...

New tax rules strike fear into U.S. expat business owners

July 31, 2018

The four-employee business of Travis Baldwin, who hasn't lived in the U.S. for nearly a decade, is about to get hammered by a pair of tax provisions that were aimed at corporate behemoths like Microsoft Corp. A Republican law signed by President...

Indexing capital gains for inflation would be tax windfall for clients

July 31, 2018

A proposal being floated by Treasury Department officials to index capital gains to inflation would, if enacted, bestow a significant tax windfall on many clients of financial advisers. Treasury Secretary Steven Mnuchin has indicated he is considering...

IRS provides guidance on 529 plans

July 30, 2018

The Internal Revenue Service and the Treasury Department provided guidance on regulations to be issued affecting three areas of 529 plans, after legislation liberalized some tax consequences related to the educational savings plans. Two portions...

Wall Street fears new international tax

July 30, 2018

A new international tax that was supposed to deter U.S. technology and pharmaceutical companies from shifting their profits offshore could instead catch Wall Street banks in its crosshairs. The levy on international profits — called Gilti...

Ladenburg bets advisers will serve more self-employed clients in the future

July 25, 2018

Ladenburg Thalmann Financial Services is investing in Track Technologies, an early-stage tech startup that provides tax automation for independent contractors, freelancers and other self-employed people. It's the first investment to result from...

New GOP tax-cut framework would make individual cuts permanent

July 25, 2018

House Republicans unveiled a broad outline Tuesday for their next phase of tax code changes, which steered clear of correcting technical mistakes from last year's overhaul. The so-called Tax Reform 2.0 legislation was seen as a possible vehicle...

Move to Florida to pay zero state personal tax? Fuggedaboutit!

July 24, 2018

Among the wealthy tri-state-area set, there's more buzz than ever about fleeing south to Florida, land of mild winters and, more importantly after last year's federal tax overhaul, zero state personal income tax. Actual action? Pretty scarce....

States sue over federal cap on tax deductions

July 17, 2018

Four Democratic-led Northeastern states sued the Trump administration to invalidate the new $10,000 cap on the federal tax deduction for state and local taxes. New York,​ New Jersey, Connecticut and Maryland claim the sweeping 2017 federal...

Capital Group, sponsor of American Funds, launches savings accounts to help with disability costs

July 17, 2018

Capital Group, which sponsors the American Funds brand of investment products, on Friday launched ABLEAmerica, a tax-advantaged savings plan for individuals with disabilities and their families. These accounts will be the first of the ABLE plans...

Variety of tax benefits help offset the cost of college

July 17, 2018

Recent high school graduates may still be basking in the glow of their achievement, but their parents have likely moved on to thoughts of their child's next phase of education. And while they will be excited for their children to take their...

Can inherited IRAs be split in a divorce?

July 16, 2018

Can an inherited individual retirement account be split in a divorce? No one knows for sure, but it's already happening. This is a new phenomenon, and it may signal a developing trend in future divorce agreements, especially in light of the...

« Previous PageNext Page »

1 | 2 | 3 | 4 | 5 | 6 ... 69

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.