Displaying 9 results
‘Legal’ insurance tax break blasted
Senate Finance Committee targets private placement life insurance as a 'booming tax dodge' for the wealthy.
Bill to extend small-business tax breaks faces tough path, even with bipartisan backing
A separate long-shot bill to eliminate the estate tax could help set the stage for tax reform in 2025, when individual rate cuts expire.
Senate Democrats take aim at ‘buy, borrow, die’ with latest billionaires tax
'The loophole they’re talking about isn’t only used by billionaires,' advisor warns.
House GOP tax package launches effort to pass reform legislation
The policies of most interest to financial advisors, such as expiring estate tax breaks, could come up later in the year in negotiations over a bipartisan bill.
Blackstone’s tax-free hedge fund pitch draws scrutiny
Senate Finance Committee Ron Wyden has requested information about private placement life insurance, which can be used to shelter hedge funds and other products from taxes.
Burr hopes to include 529-to-Roth bill in final retirement legislation
The provision was rejected as an amendment to the Senate Finance Committee's EARN Act, but it could reemerge in a final bill sent to the floor of the House and Senate.
Another Senate committee unanimously passes retirement savings legislation
The bill would raise the RMD age from 72 to 75, increase catch-up contributions and allow retirement plan matches for student loan payments. It will be combined with another recently advanced Senate measure.
Senate Finance Committee to take up massive retirement savings bill
The measure would raise the required minimum distribution age, increase catch-up contributions for people between 60 and 63, and enable workers to withdraw emergency funds from plans, among its many provisions.
Restoring tax break for advice fees faces challenge in pandemic relief negotiations
Trump demands a payroll tax cut; lawmakers may not open gates to smaller provisions
