The extension of current income-tax rates gives wealthy taxpayers the
equivalent of an interest-free loan if they convert a regular
Individual Retirement Account to a Roth by December 31.
Families would be able to make tax-free gifts to their children or
others of as much as $10 million, up from the current
$2 million limit, under the tax-cut bill Congress is debating this week.
Tax issues can quickly become dangerous territory for financial advisors as they help people plan.
by
Dorothy Hinchcliff
Obama confronted pushback from fellow Democrats
today as he begins the job of selling his agreement with congressional
Republicans to temporarily sustain all the Bush-era tax cuts.
by William A. Lowell and Kristin T. Abati
Low interest rates and changing laws mean rethinking wealth transfer strategies.
Proponents of different estate tax proposals in Congress are digging in their heels, making for a very contentious debate.
Muni-bond issuers may face
more failures in 2011 as federal economic-stimulus aid declines and
budget pressures jeopardize debt payments, says a distressed debt newsletter publisher.
A member of the deficit-reduction
commission suggests a national sales
tax and changes in Social Security as part of plan to spur economic growth.
The U.S. Internal Revenue Service dropped its demand for the identities
of Americans who hold secret offshore bank accounts at UBS AG.
by
Karen DeMasters
Bank of America has seen a big jump in Roth conversions this year, and an expert there talks about what to consider in determining whether your clients should convert.
Longtime U.S. property owners are testing the sales market amid uncertainty over the status of the Bush-era tax cuts, setting the stage for a surge in transactions followed by a decline.
President Barack
Obama will agree to Republican demands that Bush-era tax policies
benefiting high-income Americans be extended, his top advisor said in
an interview with the Huffington Post.
The Bush tax cuts are set to expire in just
over a month, sweeping away lower rates on income taxes, dividends,
capital gains and estates. But will tax
rates really go up, and if so, when?
Americans with the highest incomes and U.S. corporations stand to be big winners as newly
elected congressional Republicans signal they will extend existing tax
benefits and push for new ones.
With another election in the books, financial advisors are breathing a sigh of relief.
by Michael Brier
Your clients may enjoy lower taxes if they move to another state, but they should be aware of the rules to avoid new tax problems.
by Andrew Gluck
If you haven't kept up with estate-tax opportunities because they're a complicated mess, now's the time to re-engage.
The Obama administration cut taxes for the Middle Class, expects
to make a profit on Wall Street bank rescue and has overseen a growing economy. Most voters don't believe it.
by
Jeff Schlegel
Greg Valliere, chief political strategist at Potomac Research Group,
dished out his best prognostication on the
upcoming elections, tax cuts and the
markets at the Schwab Impact...
by
Karen DeMasters
Many financial planners overlook complicated aspects of when
a client should begin taking Social Security, according to this advisor.
