Tax planning

The 115th Congress convenes for the first time in 2017
Mark Watson
May 5, 2020 9:00 AM

There's a great deal of help for businesses in the CARES Act and the FFCRA.

5 Min Read
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By Ben Steverman
May 1, 2020 1:21 PM

Rich Americans are taking advantage of an unprecedented opportunity, made possible by the coronavirus pandemic, to transfer money to their children and grandchildren tax-free.

3 Min Read
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Michael Cohn
April 23, 2020 12:08 PM

The novel coronavirus pandemic is causing the biggest drop in Americans’ financial situation in over a decade.

1 Min Read
April 21, 2020 11:06 AM

In a down economy, international planning is even more important.

7 Min Read
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IRS
Michael Cohn
April 20, 2020 5:00 PM

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

4 Min Read
The CARES Act includes a direct payment to most taxpayers and their families. (Bloomberg News)
Kimberly Foss
April 5, 2020 10:32 AM

These direct payments are intended to provide direct assistance to American taxpayers who have lost wages, jobs or opportunities because of COVID-19. But there is some fine print.

3 Min Read
10 ways to help clients during coronavirus COVID-19 pandemic
Jeffrey Levine
April 1, 2020 2:03 PM

From Roth conversions to QHFDs: The coronavirus pandemic is forcing difficult questions, and clients rightfully are looking for answers that advisors are uniquely suited to provide.

19 Min Read
Tapping into a HELOC can offer small business owners a way to bridge a short-term gap caused by vanishing revenue streams.
Kimberly Foss
March 27, 2020 11:02 AM

Can a home equity line of credit offer clients a bridge loan for troubled times? Says one, “I’m going to call those people and rehire them.”

3 Min Read
Ed Slott
By Ed Slott
March 27, 2020 10:55 AM

The passage extends the IRA contribution deadline and waives RMDs for 2020. Here’s what else financial advisors need to know.

6 Min Read
While the IRS levies a 40% estate and gift tax on the biggest fortunes, some of the wealthiest clients may consider the grantor retained annuity trust, or GRAT, to pass money to children and grandchildren tax-free.
By Ben Steverman
March 9, 2020 12:35 PM

The richer they are, the more options clients have to insulate themselves from the coronavirus and its effects.

3 Min Read