Tax strategies

Uncertainty around sunsetting provisions should have professional athletes planning ahead on their taxes.

The Internal Revenue Service issued its annual inflation adjustments for tax year 2025, including changes in the standard deduction, marginal rates, tax credits and more.

With the November election mere weeks away, there is still time for tax pros to ponder the strategies available to meet the proposals of each candidate.

An updated, funded buy-sell agreement can allow a surviving partner to maintain sole control of the business if one of the owners or partners were to die prematurely or become disabled.

J.P. Morgan Asset Management's automated tax services platform, 55ip, has rapidly expanded with partners including BlackRock, Fidelity and Raymond James Financial as demand to manage client taxes accelerates.

Between the coming sunset of the Tax Cuts and Jobs Act, the presidential election and a host of other factors, this is shaping up to be a tough year for advising clients.

Whoever wins, '2025 is going to be a very interesting tax legislative year.'

This combination of trusts, credits and other tax strategies are great ways help wealthy clients protect their families and their businesses.

Art loans function as lines of credit, so clients draw on them and pay them back as they can.

Harris economic proposals envision tax cuts and subsidies