Tax planning

Some cash-strapped clients with high medical costs could really benefit from making this move.

The CARES Act will play a critical role, according to Grant Thornton.

Like other firms, the bank's asset management unit has turned to an outside partner, 55ip, to give RIAs a tax-smart way to transfer assets into model portfolios.

Whatever the outcome in November, taxpayers and their advisors should prepare for changes, an expert says.

While the contributions aren’t deductible, distributions such as earnings are tax-free to the designated beneficiary if they’re used to pay for qualified disability expenses.

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

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.

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.

New regulations have altered advice for Social Security, Roth conversions, tax code, estate planning and much more. Financial plans must be crafted with enough flexibility to change with the times.

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.

From regulations to taxes, big changes could be in the offing.

The president said his action authorizes the U.S. Treasury to allow companies to defer — not suspend — payroll taxes for Americans making less than $100,000 a year from Sept. 1 through Dec. 31.

Here's an at-a-glance guide to the candidates' positions on individual taxes.

Tax-rate arbitrage is one approach, but it’s far from the only one, according to contributor Michael Kitces.

Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.