A plan to make companies big and small disclose any risky tax positions is getting a very bad reaction from tax advisors.
The crackdown on offshore tax evasion has officially moved beyond UBS AG, and Switzerland.
by Troy Onink and Bernard Whalen
Additional income resulting from a Roth conversion may lower financial aid eligibility and impact use of a federal tax credit for education.
A Supreme Court ruling has stepped up a controversy between those who want to
patent tax strategies and those who want them banned.
With the estate tax expected to roar back in 2011, the practice of making big taxable gifts is gaining appeal right now.
Financial advisors and their executive clients have had some difficult
guesswork to do this year in deciding how much of their 2010 year-end
bonuses to tax-defer, and for how long to do it.
Bulking up on charitable donations is one strategy some financial
advisors are recommending this year to clients facing a tax hit from
moving retirement assets to Roth IRAs.
H.D. Vest Financial continues to add hundreds of new advisors each year and sees plenty of room for growth as a business
linked to that of tax and accounting specialists, thanks to boomers.
Incentive stock options will soon become more attractive for some
executives because of greater tax savings they will offer. Ironically,
higher tax rates next year are the key.
by Eric L. Reiner
Health-care reform gave birth to new income tax laws that are crying for attention.
A closely watched index of stock market volatility
is starting to be used, at least experimentally, as a tool to value
some assets for tax purposes.
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.
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.
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.
Tax lawyers want the IRS to lighten up on corporate executives when
honest mistakes are made in their deferred pay plans.
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.
One group of billionaires and millionaires is pushing for an end to Bush-era tax cuts.
In doing Roth IRA conversions, many individuals and advisors are making some astonishing mistakes that experts say could be
avoided easily.
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.
