Tax strategies

The agency issued guidelines scaling back a tax break for client entertainment, following through on an element of President Trump’s 2017 tax overhaul.

The final regulation includes guidance on the requirements needed for properties to qualify for the deduction.

Under the proposals, the top 0.1% of earners would be subject to a 43% tax rate on their income.

Clients may have an ability to increase the ratio of after-tax dollars in their account by completing one or more transactions that are exempt from the pro rata rule.

To protect client nest eggs, advisors must know which savings vehicles are protected — and they’re not all created equal.

Effective tax management can add 1% percent to a portfolio annually, and potentially more in highly volatile years

Waiting until year end to factor in portfolio volatility is risky business.

It may seem counterintuitive, but paying appreciably more taxes in 2020 could save families a lot of money down the road.

The president has deferred payroll taxes that fund the program, and says he would eliminate them if elected to a second term.

Depending on the economy and the election, they could be on the chopping block as soon as 2021.