Wealth management professional Bill Cass provides an update on the status of tax and spending proposals in Washington.
Potential changes to stepped-up cost basis rules may emerge as lawmakers consider federal revenue needs.
There is still time for investors to implement tax-smart strategies before the close of the year.
The President’s $4.1 trillion budget proposes to eliminate sequestration, introduce new spending, and focus on tax reform
The end of the year is approaching but there are still tax-smart strategies that may be implemented.
While clients who own businesses may be focused on day-to-day business activity, they may not be planning for retirement. In fact, the Small Business Administration reported in 2012 that more than 9 million self-employed individuals lacked retirement plan coverage, and that only 19.5% of workers in firms with less than 100 employees participated in a
While the new federal tax law brought good news for most taxpayers, there may be confusion for others trying to determine when certain tax provisions apply. The tax reform items are linked to income thresholds with different definitions of “income.” It is important for clients to understand the impact of the legislation on their 2013
With marginal tax rates rising for higher income levels, the reduction of some tax preference items, and a new Medicare investment income surtax, income tax planning should be a priority. Here are five strategies that clients can use to mitigate tax obligations today. 1. Invest in municipal bonds for tax-free income Municipal bonds become more