The coming sunset of an estate and gift tax exemption is putting the heat on wealthy Americans to fast-track their inheritance plans.
Over the first six months of one targeted initiative, the agency scooped $172M from 21,000 wealthy individuals who've been delinquent on their tax filings since 2017.
The vice president's latest proposal splits from the Biden administration with a more modest hike for million-dollar earners, plus incentives for small businesses.
The assortment of tax proposals from the Republican presidential nominee would add up to as much as $10.5T, according to preliminary estimates.
Vice President Kamala Harris's proposed tax on billionaires creates a lot of questions for financial advisors, especially when it comes to taxing unrealized capital gains.
Complex rules are "ridiculous" but advisors can add long-term value by helping clients get their IRAs and 401(k) balances down.
RIAs have an advantage over captive advisors and have an opportunity to seize significant client service opportunity.
The vice president’s latest fiscal proposal would substantially reverse a business-friendly piece of Trump-era legislation.
Vow to end taxes on benefits, without any other changes to Social Security, would make the system run out of money sooner.
Tax smoothing is important, even as the IRS has granted exemptions since the 10-year RMD rule for inherited IRAs went into effect.
With several key factors influencing a complex product, it's essential advisors are well versed on its portfolio positioning.
Spoiler Alert: It does not exist despite claims on social media.
A long-enshrined tax exemption to municipal bonds could end up scrapped if the 45th president gets his way.
With tens of billions in funding, the federal tax agency has waged a collection campaign against thousands of delinquent seven-figure income-earners.
The agency says threats are evolving and require action.
The partnership aims to provide advisors with more opportunities to personalize client portfolios and enhance their after-tax returns.
The AI superstock's blistering rally has inflated his private foundation's assets, making it harder to clear a key legal threshold.
The fintech provider’s new tools let RIA clients automate tax-savings strategies, including tax-loss harvesting and gains deferrals.
Seven justices ruled in favor of the divisive Trump-era tax measure, potentially setting back calls for a wealth tax.
The asset manager is giving advisors more power to personalize portfolios with fixed-income and multi-asset options.
