Tax strategies

From health care expenses to taxes, how planners can help clients strategize.

Many of the president's "core principles" were similar to promises he made on the campaign trail, including a reduction to 15% in the rate for businesses.

Advisers with their own practices would see their tax rates cut to 15% under the new proposal.

The proposal includes cuts that would benefit businesses, the middle class and certain high-earning individuals but left unanswered questions about whether the plan would be paid for, or how.

Many are unaware that fostering a pet or installing a swimming pool can help them qualify for a deduction.

Section 1031 of the IRS Code may seem arcane, but using it can be highly beneficial to certain clients.

Delayed retirement credits only accrue to age 70, but there still may be tax issues to consider.

Bequests, endowments and other gifts demand expertise beyond traditional tax and estate help.

Clients can claim airfare, lodging fees and half the cost of their meals as long as they can prove the trip is for work.