Results for "tax"

Displaying 1,502 results

Sort: Date | Relevance

Author:

Higher tax bills following reform surprise clients

April 23, 2019

Investment advisers say their clients were surprised by higher tax bills and lower refunds this year, a shock increased by their expectations of less pain due to tax reform. Under the 2017 tax reform law, marginal tax rates were cut and the...

Trump's rules for opportunity zones satisfy investors' wish lists

April 18, 2019

There's plenty of enthusiasm for new U.S. tax breaks for investing in low-income communities designated as opportunity zones. But many people have delayed spending because of uncertainty about how the incentives will work. The Trump administration...

Most Americans got a tax cut and didn't notice

April 15, 2019

Republicans passed a sweeping tax cut for two-thirds of Americans in 2017, saying it would pay for itself and the American public would thank them. Now, as Americans finish filing their taxes to the IRS for the first time under the new system,...

Tax Cuts and Jobs Act takeaways

April 12, 2019

The Tax Cuts and Jobs Act was enacted in late 2017 but individuals are now grappling for the first time with many of its temporary provisions as they prepare their 2018 income tax returns. Wealthy donors may be eyeing the chance to pass more...

'Wall Street Tax Act' will land on Main Street investors

April 11, 2019

Last month, Sen. Brian Schatz, D-Hawaii, and Rep. Peter DeFazio, D-Ore., introduced the Wall Street Tax Act in the Senate and the House, respectively. The bill would level a tax of 10 basis points (or 0.1%) on the value of the securities transferred...

Few rush to invest in opportunity zones

April 10, 2019

Investors eyeing President Donald Trump's Opportunity Zones face a ticking clock if they want to fully capture one of the biggest tax breaks in decades. But few so far seem ready to make the leap. Tucked into the 2017 tax overhaul, Opportunity...

5 things clients learned about Roth conversions this tax season

April 9, 2019

This tax season was the first under the new tax law, the Tax Cuts and Jobs Act. Roth conversions were one of many areas where the actual impact of the changes was seen firsthand as 2018 tax returns were prepared. Here are five items that surprised...

Top Democrat proposes revival of plan to eliminate capital gains loopholes

April 3, 2019

The top Democrat on the Senate Finance Committee, Ron Wyden, is reviving a plan that would tax wealthy individuals annually on their investments, instead of when those assets are sold. (More:​ Financial advisers take issue with Democratic...

Top reasons to file a tax extension

April 2, 2019

With less than two weeks to go before the annual April 15 tax-filing deadline, many people are still gathering the necessary financial records or scrambling to come up with the cash needed to pay their tax bill. But neither excuse is a sufficient...

Illinois governor pushes to replace flat tax

April 2, 2019

Illinois Governor J.B. Pritzker is targeting the richest residents in a push to raise more revenue for his cash-strapped state. It may help that the billionaire Democrat would have to pay more taxes, too. Mr. Pritzker, an heir to the Hyatt Hotels...

Treasury cuts penalties for taxpayers confused about withholding

March 22, 2019

The Treasury Department is again reducing penalties for taxpayers who didn't pay enough of their tax bill throughout the year. Taxpayers who paid at least 80% of their estimated tax liability for 2018 through paycheck withholding or quarterly...

5 tips for people who don't have the money to pay their tax bill

March 21, 2019

As the Internal Revenue Service's April 15 deadline for filing 2018 U.S. personal income tax returns approaches, some taxpayers will find themselves short of the amount they need to pay their tax bill. Miron Lulic, founder and CEO of SuperMoney,...

Blucora to buy another broker-dealer with tax-focused advisers

March 19, 2019

Tax preparation software company Blucora Inc. said on Tuesday it intends to continue to add to its wealth management and tax preparation business and will pay $180 million in stock for 1st Global Inc., an independent broker-dealer that focuses...

Be sure your clients use nondeductible IRA contributions correctly

March 14, 2019

Back in the day, being a good financial adviser meant building a portfolio that provided investors with a maximum return for the minimum level of risk. Now the role of an adviser has evolved to offering thoughtful advice and guidance on a wide...

Capital gains increase at heart of Democrats' tax-the-rich plans

March 12, 2019

Bill Gates, Elizabeth Warren and Bernie Sanders all want the rich to pay more taxes, but Mr. Gates is saying what the Democratic candidates appear to be thinking: Go for the capital gains rate. Mr. Gates, the billionaire co-founder of Microsoft...

Baseball, taxes and retirement destinations

March 11, 2019

My husband is a huge baseball fan. Me, not so much. But I always appreciate it when he forwards articles about his favorite pastime that are relevant to my passion for retirement planning. Case in point: Bryce Harper's decision to sign a record-setting...

SALT stays: Limit on deduction for state and local taxes isn't going anywhere

March 8, 2019

Politicians from New York, New Jersey and other high-tax states may be making a lot of noise, but the new $10,000 cap on deductions for state and local taxes, or SALT, isn't going anywhere any time soon. Some 30 Democratic members of Congress,...

100% required minimum distributions

March 6, 2019

Can it ever be the case that an individual retirement account's required minimum distribution, or RMD, for a year equals the entire IRA balance? Yes, but that only happens if there is no designated beneficiary. A designated beneficiary means...

Taxes, investment returns and the new Form 1040

March 5, 2019

Given that 2018 is the first tax year to reflect the Tax Cut and Jobs Act, there are a few changes advisers should understand to aid in client discussions. Even more important, understanding these changes will allow you to identify problem areas...

Financial advisers take issue with Democratic plans to tax the rich

March 5, 2019

As Democratic contenders line up for a chance to take on President Donald J. Trump in the 2020 presidential election, the increasingly populist tone of calls to tax the rich is not lost on the financial planning community. "Those moving further...

« Previous PageNext Page »

1 | 2 | 3 | 4 | 5 | 6 ... 76

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.