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Secure Act, Fiduciary Rules Set Up a Doozy of a Compliance Year

  • December 26, 2019

Major changes are afoot in the rules that govern advice-giving. Along with new sweeping retirement planning rules ushered in under the Setting Every Community Up for Retirement Enhancement (Secure) Act, advisors and broker-dealers will have new fiduciary-related rules to comply with in the new year. Continue Reading

The most common tax problems for 2020

  • August 19, 2019

Advisers and clients should be aware of the impact of the Tax Cuts and Jobs Act and other issues as they look ahead to the 2020 tax season. This article lists 10 potential trouble spots related to topics such as retirement contribution limits, alimony and medical expense deductions. Continue Reading

Understanding small taxpayer gross receipts rules

  • August 5, 2019

Several exceptions are available to small-business taxpayers to help them avoid some of the Internal Revenue Code's more burdensome requirements. Although these exceptions are meant to simplify tax-law compliance, evaluating whether a business qualifies for the exceptions can be convoluted. Continue Reading

Estate planning for the other 99%

  • August 2, 2019

The implications of the large increase in the estate and gift tax exemption are complex and affect estate planning for everyone, not just the small percentage of the population who will still file estate tax returns. Continue Reading

IRS releases draft of Form 1040

  • August 2, 2019

The Internal Revenue Service has released a draft of Form 1040. The form is slightly longer than a previous postcard-size version, but the IRS is reducing the number of schedules to three. Continue Reading

Sales tax compliance post-Wayfair

  • August 1, 2019

The U.S. Supreme Court's decision last year in South Dakota v. Wayfair prompted many states to enact new sales tax legislation or promulgate new regulations based on economic nexus. Here's how to help clients comply. Continue Reading