Brokers set up as partnerships or contractors could use pass-throughs, but employee-channel brokers could not.
Taxpayers will be able to deduct state income taxes or state sales taxes in addition to property levies — up to a $10,000 cap.
The so-called FIFO provision could also lead to yet-unrealized planning opportunities for advisers.
Pass-through provisions are target of groups representing employee-model brokerage firms, as well as retirement plan advisers.
Lawmakers still need to get a cost analysis of their agreement, so it's not yet definite, according to a source.
Although the bull market is in need of repose, it does shows signs it will continue to thrive in 2018.
Reform proposals should not be drafted behind closed doors
Conagra and Berkshire Hathaway are two stocks that should benefit most from changes in the tax code.
Senate measure's handling of such small-business income is simpler and makes allowances for more service companies.
Selling a home or securities can push clients into a higher income tier, triggering premium increases.
Advisers should understand how rules on IRA rollovers and aggregation affect clients.
Major variations include provisions on stock sale timing, pass-through policies and the alternative minimum tax.
Better 401(k) plans, low interest rates and extra time to save could help younger cohort reach their retirement goals.
A lack of pensions, higher college costs for children and aging parents are among the challenges that may keep them from enjoying their golden years.
16,000 advisers will be able to leverage tech platform to coordinate holdings for each household
The FIFO mandate favors investment companies, not clients, and should be removed.
Advisers on RightCapital's financial and tax planning software can pull client data directly from Envestnet's tool.
Legislation would restore Obamacare cost-sharing subsidies, which Trump said last month he would cut off.
The measure's fate was in doubt until two GOP holdouts, Bob Corker of Tennessee and Ron Johnson of Wisconsin, dropped their objections.
Wall Street crowd might consider moving to avoid a potential tax hike under congressional proposals.
