Potential new taxes could drive businesses to change structure
Lawmakers are considering potential new taxes that could lead businesses to consider changing their structure from an S-Corp to a C-Corp.
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SECURE 2.0 clears a key hurdle
The House passed SECURE 2.0 that expands on landmark retirement legislation enacted in 2019.
How business owners may maximize a valuable tax benefit
For some businesses, one of the most valuable tax benefits available is the deduction for qualified business income.
Leading tax topics on the minds of financial advisors
SECURE Act regulations, the SALT deduction, and Roth IRA strategies were among the leading tax topics raised by financial advisors at a recent webcast.
Four estate planning ideas for 2022
Consider these estate planning ideas this year that may help lessen the tax burden in the future.
Changes to the 10-year rule could surprise retirement account heirs
The IRS is proposing new rules for retirement account distributions including changes to the requirements of the 10-year rule for heirs.
Some business owners may bypass the SALT deduction cap
Many states are passing laws that allow certain business owners to bypass the SALT cap when filing their federal income tax return.
New child tax credit form coming for the 2021 filing
Many taxpayers are receiving a new child tax credit form from the IRS to complete for their 2021 filing.
Don’t leave digital assets behind in the cloud
When estate planning, people often focus on tangible possessions and may leave valuable digital assets behind.
Planning ideas with potential higher rates on the horizon
With the prospect of higher rates on the horizon here are some strategies for investors to consider now.