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Comparing the advantages of SMAs
A multitude of papers extol the tax virtues of investing through separately managed accounts. Most have compared them with mutual funds and have concluded that SMAs can produce better after-tax returns than funds for those able to take advantage of managing individual lots of securities.
Natalie Choate: The best and worst tax strategies
Creativity counts when figuring out how to mitigate the hit on retirement income, tax expert says
IRS scandal throws wrench into tax reform
Financial advisers can expect few changes in the tax law for the foreseeable future, thanks in part to the recent revelation that the Internal Revenue Service targeted conservative not-for-profit groups. Although bitter feelings already exist across party lines, Ann L. Combs, principal and head of
Irony alert: IRS scandal puts tax reform on hold
Tough to enact tax reform when everybody's attacking the tax man, says Vanguard's Washington watcher.
Hitting the bottom line
Tax guru Natalie B. Choate is of counsel in the trusts and estates department of Nutter McClennen & Fish LLP. She's the author of “Life and Death Planning for Retirement Benefits” (Ataxplan Publications, 1996), a guidebook on estate planning around retirement accounts, and “The QPRT Manual: The
Risky (tax) business: Trust income has additional levy
Trust and estate planners are zeroing in on another potential tax risk for wealthy clients: income generated by a trust. The higher tax rates mandated by the American Taxpayer Relief Act of 2012 for individuals earning more than $200,000 a year and $250,000 for married couples filing jointly are
Looking inside the president's budget
Included are several revenue raisers, including new reforms, old standbys and one big surprise
Budget plan hard on high-net-worth
Rich hit by double-whammy of higher taxes, capped exemptions; advisers smacked, too
Permanent? That's five years under Obama estate tax plan
Bid to lower exemption after January deal unexpected; advisers sitting tight for now.
Giving spree seen complicating taxes
With the April 15 deadline for filing tax returns fast approaching, financial advisers face a deluge of tax returns involving substantial gifts — a vestige of clients' giving spree due to their tax uncertainty late last year.
Taxpayers see red over identity theft
Identity theft cases tend to peak during tax-filing season as thieves snatch taxpayers' IDs to file fraudulent returns and claim refunds, so now is a good time for financial advisers to talk to clients about steps they should be taking to avoid having their IDs filched.The Internal Revenue Service
Advisers say Obama tax break cap would hurt clients
President Barack Obama doesn't release his budget until next week, but one proposal it's likely to include — a 28% cap on tax deductions by high-income earners — is being rejected by investment advisers. “It's a vilification of the people who have played by the rules and have accumulated wealth,”
Tax reform draft aimed at pass-through businesses
Financial advisory firms and other businesses set up as so-called pass-through entities could be among the most dramatically affected if Congress adopts a comprehensive tax reform bill. The discussion draft on small-business taxation put forth by House Ways and Means Committee Chairman Dave Camp,
Gay marriage would shake up benefits game
Client tax returns, insurance policies and wills are just a few of the documents that advisers are thinking they might have to throw away and rewrite if the federal law that bans gay marriage is overturned by the Supreme Court. The scenario is not unlikely after a majority of the court's nine
Another side of the carried-interest debate
As the debate over carried-interest taxes gains national attention, Robert N. Gordon warns that the levies wouldn't just hit hedge fund managers. Here's why Investors should be worried, too.
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Mary Beth Franklin, InvestmentNews
Davis D. Janowski, InvestmentNews