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A congressional hearing takes aim at an estate planning strategy that relies on the step-up in basis.
April 2 -
The report casts a skeptical eye on the PPLI industry, claiming it functions as a tax shelter for a few thousand millionaires and billionaires.
February 21 -
New reports indicate 497 high-income taxpayers had over $150 million in their individual retirement accounts, and nearly 25,000 taxpayers had aggregate IRA account balances of $5 million or more.
July 28 -
Sen. Wyden’s bill would give the benefit to currently ineligible professions while curbing its use by wealthy business owners.
July 21 -
The latest round of coronavirus stimulus legislation includes some major tax provisions and changes for accountants to watch out for in the New Year.
December 21 -
“Americans are relying on Social Security more than ever during this pandemic,” House Ways and Means Social Security subcommittee chairman John B. Larson wrote.
September 9 -
Business owners with high business incomes ― who currently face a top rate of 39.6% ― are in for major tax relief, policy analysts said.
September 27