New York City mayor tells Washington to let Bush tax cuts expire for good of the country
Transaction tax would take 0.03% bite out of stock, bond trades
With thousands of aging financial advisers hoping to sell their practices over the next decade, a big consideration is how much tax the owners will have to pay if and when they sell their businesses.
A core principle of managing portfolios for tax efficiency is disciplined loss harvesting
The Internal Revenue Service last month clarified that executors of estates who wish to take advantage of a new provision allowing a spouse to pass unused estate tax exclusions to a surviving spouse must file an estate tax return within nine months of the death of the husband or wife
As baby boomers retire in droves, financial advisers need to do a little studying up on Social Security before they start integrating the payouts into clients' financial planning
Two states, New Jersey and Maryland, levy both estate and inheritance taxes
The IRS is giving broker-dealers a chance to come clean on classifying independent contractors, but firms that fess up will take on the increased cost of following the letter of the law.
Here are some examples of ways that financial advisers can help clients to reduce their tax burden.
Republicans OK with axing tax deductions for the rich, but marginal tax rates still a bone of contention
Fifty-five million Social Security beneficiaries will receive a 3.6% cost-of-living adjustment next year, the U.S. government said last week
A bipartisan, bicameral 12-member panel, the supercommittee may be the best chance for any kind of substantial tax changes before next year's election
Politics, the weak economy and low interest rates have combined to create one of the best environments for estate planning in a generation, according to experts
Legislation introduced last week that would impose a federal tax on financial transactions may be doomed as a stand-alone bill, but proponents say that it should be included in any broad deficit-reduction proposal
Earn over $200,000? If so, President Obama's proposed cut to the municipal bond tax exemption could hit your wallet hard.
White House seeks to limit interest income that can be sheltered; states, cities already lining up against proposal
As Congress mulls new ways to increase revenue, the mortgage interest deduction on second homes is seen as a likely target for elimination
Set-up is purportedly simpler, fairer and will lower everyone's taxes; it fails on all three counts
Broker-dealers now have a low-cost way to clear their slate with the IRS if they have been misclassifying employees as independent contractors
Along with jobs, raising taxes on the rich is one of things the Wall Street protesters feel strongly about, as Andrew Cuomo, the Democratic governor of New York, is learning all too well.
