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Whatever the outcome in November, taxpayers and their advisors should prepare for changes, an expert says.October 6
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Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.August 24
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The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS set up during the pandemic.August 17
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Many clients have seen the value of their investment accounts drop, making this a good time for planners to prove their valueJuly 27
Director of Advanced PlanningPrudential Financial
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The funds may be gaining traction among older investors with significant assets, but rarely live up to their billing.December 2
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When his dad passed away, my client would have to probate 60 different stocks and a New York property, plus handle charitable contributions. At the same time, 13 grandchildren would breathe down his neck for their inherited shares.October 31
Director of PlanningLife Planning Partners
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Without the marital deduction, a certain category of married clients will have challenges inheriting property outright.October 7
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Those who fail to meet the cutoff face a hefty penalty that could hit as much as 25% of their dues.August 6
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The agency is asking taxpayers to account for multiple jobs within a household and to factor in the $2,000 child tax credit for each kid under 17.June 4
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Advisors are ensuring that multibillion dollar estates go exactly where HNW clients want them to go.April 12
