Real estate and insurance brokers are among the groups relieved to hear they qualify for the deductions.
Advisors report hearing multiple assumptions and concerns regarding 2017's Tax Cuts & Jobs Act.
Advisors may be missing strategies that have come to the forefront with federal tax reform.
Advisors can use these maneuvers when clients want to pass on some of their long-held stocks to their kids.
If the proposal is adopted, ripples could spread through the economy, taxation and financial planning.
Clients nervous about big market drops can get too fixated on keeping their assets in liquid vehicles.
But clients with vacation homes will require a lot of help from advisors to decipher the new rules.
A client's tax return may be a fertile source for guidance on financial planning strategies.
Failure to withhold taxes and file the proper paperwork could, in some cases, lead to criminal charges.
Many income sources, including dividends and capital gains, accrue without any withholding.
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