Tax

IRS Private Letter Ruling Waives 60-Day IRA Rollover Rule For Surviving Spouse Claiming Duress

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by robertkeebler     January 25, 2012      0.0 (0) In a recent private letter ruling, the IRS waived the 60-day IRA rollover rule for a surviving spouse who claimed financial illiteracy and duress. However, the wording of Section 408 of the Internal Revenue Code is permissive rather than mandatory — even if the conditions outlined to receive an IRS waiver are met, the request can be

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Estate and Charitable Giving Planning For You And Your Clients

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by SherylCPA     December 18, 2011      0.0 (0) Rabbi Hillel said, “If I am not for myself, who will be for me?  But if I am only for myself, who am I?  If not now, when?”  Unless your clients are planning to spend all their money before they go, or they want to donate their estates to Uncle Sam, estate and charitable planning are critical.  In spit

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Cut Your Clients' And Your Own Personal Income Taxes!

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by SherylCPA     December 11, 2011      0.0 (0) By taking a look at your (or your clients’) tax situation now, you might be able to reduce the bite Uncle Sam takes out of your hard-earned savings.  Below is a handy checklist:

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Morgan Stanley Executive Urges Congress: Tax The Rich

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by ScottMartin     December 06, 2011      0.0 (0) The debate over whether Washington should raise cash by raising tax rates on the richest Americans has reached the wirehouses as the chief financial officer of Morgan Stanley appears to be arguing against the firm's wealthy clients.

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With Tax Law Changes So Uncertain, How Should Advisors Approach Year-End Tax Planning?

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by SherylCPA     December 03, 2011      0.0 (0) With the time for year-end tax planning upon us, advisors should step back, get some perspective, and ask themselves. With so much uncertainty about how tax laws might change in the months ahead, how do I make wise tax planning decisions for clients? 

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