Tax Planning & Strategies

IRS Shines Light On Faulty Tax Advice

Tax advisors who get caught doing something wrong used to have their names-but not the gory details-put in public view. Now that's changing.

Report Stirs Fight Over S Corps' Taxes

A group of influential tax lawyers is fighting with the government over a report they fear may be used to raise taxes on the many small U.S. businesses set up as S corporations.

Estate Tax Pitfalls Seen In Wisconsin Case

Few things get people madder at their estate planners than fights over who must pay taxes when someone dies. A big source of trouble: the patchwork of state rules that apply.

Lawyers Ask For Leniency On Exec Taxes

Tax lawyers want the IRS to lighten up on corporate executives when honest mistakes are made in their deferred pay plans.

Estate Tax Audits Tough As Ever

Estate tax audits by the Internal Revenue Service are as aggressive as ever, and maybe even more so, despite the uncertain fate of the federal tax on estates of the wealthy.

Some Wealthy Say: Go Ahead, Tax Me More

One group of billionaires and millionaires is pushing for an end to Bush-era tax cuts.

Roth IRA Conversions Fraught With Mistakes

In doing Roth IRA conversions, many individuals and advisors are making some astonishing mistakes that experts say could be avoided easily.

Medicare Tax Impact May Creep Like AMT

The Medicare tax in President Barack Obama's new health-care legislation will hit the rich hardest at first. But its impact may spread over time to not-so-wealthy taxpayers.

Giving More To Both Kids And Charities

Roth conversions and charitable remainder trusts are two tools tax advisors are pushing to help taxpayers leave more money to their children and their favorite cause.

Animal Spirits: The Last Time Capital Gains Taxes Rose

If all goes according to expectations, next year the federal tax rate on capital gains will rise for the first time in 23 years from 15% to 20%...

Advisors Quell Client Health-Care Fears

Financial advisors are fielding calls from clients worried about the new health-care bill and what it will cost them.

Investment Implications Of Health Care Reform

by David Kelly

What does passage of landmark health legislation mean for the economy and markets?

Investment Income Tax Would Help Pay For Health Care

Deeper spending cuts and new taxes are being proposed by Democrats to help foot the bill for health care.

IRS Eyes Wall Street Deferred Comp

The U.S. Internal Revenue Service is taking a look at compensation plans that hold a lot of the big money Wall Street firms pay out to executives.

Recession Weary Advisors Branch Out

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Some financial advisors are becoming more open to the idea of branching out into areas that are recession proof, such as tax preparation.

Passing The Tax Buck

by Ed Liptak

Pass-through entities such as LLCs are growing in popularity.

Just Do It

by Eric L. Reiner

With greater uncertainty than ever surrounding the estate tax, Washington must act soon.

Frontline News

Frontline News

Exercising Options Ahead Of Tax Hikes

The common wisdom on stock options is to exercise later, rather than sooner. Higher tax rates next year, though, make it smarter for some people who have been holding onto options to act now.

When the IRS Comes Auditing

by Bruce W. Fraser

Our writer tells how he learned to greatly appreciate his financial advisor when he faced the classic taxpayer's nightmare: an audit.