Tax

Medicare Surtax On Investment Income - Beware!

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by SherylCPA     January 07, 2014      0.0 (0) As of 2013, your clients might be impacted by the by the 3.8% Medicare Surtax. And, if they are, they might ask you, their advisor, for an explanation! It's important to know how the calculation works before you can determine if a client will be affected and whether there's anything you can do about it. 

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You Are About To Run Out Of Time To Warn Clients About The New 3.8% Surtax On Net Investment Income

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by agluck     December 21, 2013      0.0 (0) The new 3.8% surtax on income, known as the net investment income tax (NIIT), is going sneak up on a lot of clients when it shows up for the first time ever on 2013 tax returns. You are about to run out of time to check in with clients to see if they can avert this new tax on net investment income and a bad tax surprise. That's not a lot of tim

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Averting State Estate Taxes With Non-Grantor Trusts, Transferring Digital Assets At Death, And The Portability Election: An Update On Estate Planning For Financial Planners

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by gideonr212     December 02, 2013      0.0 (0)     Using Incomplete Non-Grantor Trusts To Avert State Income Tax On Capital Gains Recently, the IRS issued a private letter ruling (PLR 201310002) after several years of silence on the issue of incomplete non-grantor trusts.  By way of background, individuals who live in high tax states and who have significant apprecia

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The Insurance Industry Doesn’t Know Fee-Only Fiduciaries Exist; Observations And Attendee Reaction To Bob Keebler’s Webinar About Retirement Income Planning

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by agluck     November 27, 2013      0.0 (0) Retirement income planning has always focused on reaching a wealth accumulation goal by the time of a client’s retirement date, but managing assets after retirement to maximize income is ultimately what’s most important.   That was the subject of Bob Keebler’s recent webinar session. At a rapid clip, Keebler ticked off

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Some Clarity For Same Sex Couples

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by SherylCPA     September 19, 2013      0.0 (0) The tax laws for same sex couples have been and continue to be confusing.  Yet, for those of us advising these clients, we must be informed and clear on the topic – and that means we need to alert them to the possibility of filing amended tax returns.

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