Taxes http://wealthmanagement.com/taxonomy/term/23651/more en Tax Law Update: June 2015 http://wealthmanagement.com/taxes/tax-law-update-june-2015 <div class="node-body article-body">David A. Handler and Alison E. Lothes highlight the most important tax law developments of the past month</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/taxes/tax-law-update-june-2015" target="_blank">read more</a></p> http://wealthmanagement.com/taxes/tax-law-update-june-2015#comments Taxes Public Wed, 27 May 2015 15:16:00 +0000 906411 at http://wealthmanagement.com U.S. Supreme Court Strikes Down Maryland’s Income Tax System http://wealthmanagement.com/estate-planning/us-supreme-court-strikes-down-maryland-s-income-tax-system <div class="node-body article-body">In Comptroller v. Wynne, the U.S. Supreme Court held that Maryland’s income tax system violated the dormant commerce clause. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/us-supreme-court-strikes-down-maryland-s-income-tax-system" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/us-supreme-court-strikes-down-maryland-s-income-tax-system#comments Taxes Estate Planning Public Tue, 26 May 2015 14:04:00 +0000 904531 at http://wealthmanagement.com <p>The case was decided by a 5-4 margin.</p> Copyright Chip Somodevilla, Getty Images The Limitations of ABLE Accounts for the Disabled http://wealthmanagement.com/taxes/limitations-able-accounts-disabled <div class="field-byline"> Liz Weston </div> <div class="node-body article-body">Nearly six million people with disabilities may benefit from new tax-free savings plans approved by Congress last year, but the accounts may not be as helpful or available as quickly as originally promised.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/taxes/limitations-able-accounts-disabled" target="_blank">read more</a></p> http://wealthmanagement.com/taxes/limitations-able-accounts-disabled#comments Taxes Estate Planning Mon, 18 May 2015 12:05:00 +0000 897241 at http://wealthmanagement.com Copyright Paula Bronstein, Getty Images Settlement Agreement Distributions Retain GST Tax-Exempt Status http://wealthmanagement.com/estate-planning/settlement-agreement-distributions-retain-gst-tax-exempt-status <div class="node-body article-body">In Private Letter Ruling 201519012 (May 8, 2015), a taxpayer requested four rulings related to a settlement agreement. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/settlement-agreement-distributions-retain-gst-tax-exempt-status" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/settlement-agreement-distributions-retain-gst-tax-exempt-status#comments Taxes Estate Planning Public Tue, 12 May 2015 19:32:00 +0000 890191 at http://wealthmanagement.com Copyright Fox Photos, Getty Images Clearing the Tax Hurdle to Beat Index Funds http://wealthmanagement.com/mutual-funds/clearing-tax-hurdle-beat-index-funds <div class="field-byline"> Paul Robertson, Tara Thompson Popernik and John McLaughlin </div> <div class="node-body article-body">Many believe indexed mutual funds and exchange-traded funds (ETFs) are the best option for cost-conscious investors, particularly after taxes, but recent AB Bernstein research suggests that in practice, the tax advantage of passive investments is quite small.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Aggregated </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/mutual-funds/clearing-tax-hurdle-beat-index-funds" target="_blank">read more</a></p> http://wealthmanagement.com/mutual-funds/clearing-tax-hurdle-beat-index-funds#comments Taxes ETFs Mutual Funds Investment Fri, 01 May 2015 12:20:00 +0000 862961 at http://wealthmanagement.com Alexandr Shebanov/Hemera/Thinkstock IRS Real Winner in Mayweather vs. Pacquiao Fight http://wealthmanagement.com/blog/irs-real-winner-mayweather-vs-pacquiao-fight <div class="node-body blog-body">Doesn't matter how much is won during Saturday's "Fight of the Century," it's important to keep in mind the IRS is the real winner. </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/intelligent-advisor">Intelligent Advisor</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/irs-real-winner-mayweather-vs-pacquiao-fight" target="_blank">read more</a></p> http://wealthmanagement.com/blog/irs-real-winner-mayweather-vs-pacquiao-fight#comments Taxes Blogs Intelligent Advisor Thu, 30 Apr 2015 20:23:00 +0000 861061 at http://wealthmanagement.com <p><em>Copyright Ethan Miller, Getty Images</em></p> IRA Distributions Includible in Gross Income http://wealthmanagement.com/retirement-planning/ira-distributions-includible-gross-income <div class="field-deck"> A taxpayer’s honorable conduct has no bearing on the taxable status of retirement account payments </div> <div class="node-body article-body">In Morris v. Commissioner, the IRS determined that taxpayers failed to report taxable distributions in 2011 from an individual retirement account. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/retirement-planning/ira-distributions-includible-gross-income" target="_blank">read more</a></p> http://wealthmanagement.com/retirement-planning/ira-distributions-includible-gross-income#comments Taxes Retirement Planning Public Wed, 29 Apr 2015 18:18:00 +0000 856691 at http://wealthmanagement.com Copyright Joe Raedle, Getty Images Tax Law Update: May 2015 http://wealthmanagement.com/taxes/tax-law-update-may-2015 <div class="node-body article-body">David A. Handler and Gina Forgianni Gray highlight the most important tax law developments of the past month</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/taxes/tax-law-update-may-2015" target="_blank">read more</a></p> http://wealthmanagement.com/taxes/tax-law-update-may-2015#comments Taxes Public Tue, 28 Apr 2015 17:10:00 +0000 852551 at http://wealthmanagement.com To Shred or Not To Shred: How Long to Hold On To 22 Personal Documents http://wealthmanagement.com/regulation-compliance/shred-or-not-shred-how-long-hold-22-personal-documents <div class="field-byline"> Darren Zagarola </div> <div class="node-body gallery-body">How long does a client really need to hold onto a paper 401(k) statement or ATM receipt? Probably less time than you think. Here are 22 types of personal records and their recommended holding period.</div> <div class="field-interstitial-ads-frequency"> <span>Interstitial Ads Frequency:&nbsp;</span> -1 </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/regulation-compliance/shred-or-not-shred-how-long-hold-22-personal-documents" target="_blank">read more</a></p> http://wealthmanagement.com/regulation-compliance/shred-or-not-shred-how-long-hold-22-personal-documents#comments Taxes Asset Protection Regulation & Compliance Tue, 28 Apr 2015 09:05:00 +0000 848861 at http://wealthmanagement.com Drafting in a Parallel Universe http://wealthmanagement.com/estate-planning/drafting-parallel-universe <div class="node-body article-body">A recent case centered on an estate’s right to seek reimbursement of estate taxes from recipients of non-probate assets.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/drafting-parallel-universe" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/drafting-parallel-universe#comments Taxes Estate Planning Public Mon, 27 Apr 2015 18:55:00 +0000 850461 at http://wealthmanagement.com Inga Nielsen/iStock/Thinkstock