Taxes http://wealthmanagement.com/taxonomy/term/23651/more en Rex Ryan = Bill Gross http://wealthmanagement.com/blog/rex-ryan-bill-gross <div class="node-body blog-body">You probably wouldn’t think of NFL coaches and portfolio managers being very similar, but MarketWatch contends that both are high-profile, high-testosterone positions worth millions and the target of both intense criticism and praise.</div> <div class="field-content-focus"> <span>Content Classification:&nbsp;</span> Curated </div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/daily-brief">The Daily Brief</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/rex-ryan-bill-gross" target="_blank">read more</a></p> http://wealthmanagement.com/blog/rex-ryan-bill-gross#comments People Taxes Blogs ETFs Retirement Planning The Daily Brief Wed, 28 Jan 2015 10:00:00 +0000 763331 at http://wealthmanagement.com <p><em>Copyright Christian Petersen, Getty Images | Photo by Jim Tweedie</em></p> Congress Could Close Tax Loopholes to Raise Money http://wealthmanagement.com/blog/congress-could-close-tax-loopholes-raise-money <div class="node-body blog-body">Advisors need to keep an eye on potential tax loophole closures as the year goes forward, particularly as the government faces funding legislation around homeland security and highways.</div> <div class="og_rss_groups"><ul class="links"><li class="og_links first last"><a href="/blog/rulebook">Rulebook</a></li> </ul></div><p><a href="http://wealthmanagement.com/blog/congress-could-close-tax-loopholes-raise-money" target="_blank">read more</a></p> http://wealthmanagement.com/blog/congress-could-close-tax-loopholes-raise-money#comments Taxes Blogs Rulebook Tue, 27 Jan 2015 21:18:00 +0000 763461 at http://wealthmanagement.com <p>Andy Friedman of the Washington Update speaks at FSI OneVoice on Tuesday.</p> Are 529 Plans Really Just a Tax Break for the Rich? http://wealthmanagement.com/college-planning/are-529-plans-really-just-tax-break-rich <div class="field-byline"> Reuters </div> <div class="node-body article-body">President Barack Obama's proposal this week to roll back tax benefits for so-called 529 plans exposes a fundamental disagreement about who is benefiting from these state-sponsored college savings plans.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/college-planning/are-529-plans-really-just-tax-break-rich" target="_blank">read more</a></p> http://wealthmanagement.com/college-planning/are-529-plans-really-just-tax-break-rich#comments Taxes College Planning Fri, 23 Jan 2015 14:40:00 +0000 758841 at http://wealthmanagement.com <p>The average 529 account balance is around $20,000.</p> bayhayalet/iStock/Thinkstock U.S. Funds Differ on Managing Tax Liability as Capital Gains Surge http://wealthmanagement.com/asset-management/us-funds-differ-managing-tax-liability-capital-gains-surge <div class="field-byline"> Reuters </div> <div class="node-body article-body">U.S. investors in stock funds will take a big tax hit this year on capital gains that could top $300 billion after portfolio managers exhausted most of their loss reserves to offset several years of stock market advances.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/asset-management/us-funds-differ-managing-tax-liability-capital-gains-surge" target="_blank">read more</a></p> http://wealthmanagement.com/asset-management/us-funds-differ-managing-tax-liability-capital-gains-surge#comments Taxes Equities Asset Management Thu, 22 Jan 2015 19:55:00 +0000 758751 at http://wealthmanagement.com <p>The number of funds making capital gains distributions jumped to 61.4 percent in 2014, from 57.5 percent in 2013.</p> Copyright Andrew Burton, Getty Images No UBIT on Amounts Designated to Pay VEBA Benefits http://wealthmanagement.com/philanthropy/no-ubit-amounts-designated-pay-veba-benefits <div class="field-deck"> A recent private letter ruling finds certain unrelated business income is exempt from taxes </div> <div class="node-body article-body">In a recent private letter ruling, PLR 201501014, the IRS addressed the unrelated business income tax (UBIT) impact on certain income earned on assets received by a voluntary employees' beneficiary association (VEBA).</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/philanthropy/no-ubit-amounts-designated-pay-veba-benefits" target="_blank">read more</a></p> http://wealthmanagement.com/philanthropy/no-ubit-amounts-designated-pay-veba-benefits#comments Taxes Philanthropy Public Fri, 16 Jan 2015 21:05:00 +0000 754481 at http://wealthmanagement.com Saving a Charitable Deduction Through Qualified Reformation http://wealthmanagement.com/philanthropy/saving-charitable-deduction-through-qualified-reformation <div class="field-deck"> Private letter ruling provides opportunity for planners </div> <div class="node-body article-body">A recent IRS private letter ruling considered whether an estate is entitled to a charitable deduction under IRC Section 2055(a)1 if a portion of a defective charitable remainder trust was reformed to satisfy the statutory requirements for a charitable remainder unitrust as described in IRC Section 664 and applicable regulations. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/philanthropy/saving-charitable-deduction-through-qualified-reformation" target="_blank">read more</a></p> http://wealthmanagement.com/philanthropy/saving-charitable-deduction-through-qualified-reformation#comments Taxes Philanthropy Public Mon, 05 Jan 2015 15:25:00 +0000 744171 at http://wealthmanagement.com CaptureLight/iStock/Thinkstock Israel Tax Authority Delays Reporting Deadline for New Law http://wealthmanagement.com/taxes/israel-tax-authority-delays-reporting-deadline-new-law <div class="field-deck"> Trustees now have until June 30, 2015 </div> <div class="node-body article-body">The filing deadline is now June 30, 2015, moved back from Dec. 31, 2014.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/taxes/israel-tax-authority-delays-reporting-deadline-new-law" target="_blank">read more</a></p> http://wealthmanagement.com/taxes/israel-tax-authority-delays-reporting-deadline-new-law#comments Taxes Estate Planning Public Tue, 30 Dec 2014 18:13:00 +0000 741311 at http://wealthmanagement.com Copyright Spencer Platt, Getty Images Make Qualified Charitable Distributions by Dec. 31 http://wealthmanagement.com/retirement-planning/make-qualified-charitable-distributions-dec-31 <div class="field-deck"> The Tax Increase Prevention Act extends QCDs for 2014 </div> <div class="node-body article-body">President Obama signed the Tax Increase Prevention Act of 2014 (TIPA)1 on Dec. 19, 2014, extending qualified charitable distributions (QCDs) for 2014. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/retirement-planning/make-qualified-charitable-distributions-dec-31" target="_blank">read more</a></p> http://wealthmanagement.com/retirement-planning/make-qualified-charitable-distributions-dec-31#comments Taxes Retirement Planning Public Mon, 29 Dec 2014 14:31:00 +0000 740271 at http://wealthmanagement.com bymandesigns/iStock/Thinkstock 2014 Extenders Act http://wealthmanagement.com/estate-planning/2014-extenders-act <div class="field-deck"> The Tax Increase Prevention Act renews most expired tax provisions through 2014 and introduces an alternative to traditional special needs planning techniques. </div> <div class="node-body article-body">The Tax Increase Prevention Act renews most expired tax provisions through 2014 and introduces an alternative to traditional special needs planning techniques.</div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/2014-extenders-act" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/2014-extenders-act#comments Taxes Estate Planning Public Wed, 24 Dec 2014 12:53:00 +0000 738491 at http://wealthmanagement.com Swiss Voters Uphold Lump Sum Taxation http://wealthmanagement.com/estate-planning/swiss-voters-uphold-lump-sum-taxation <div class="field-deck"> It remains an option for foreigners who meet certain requirements </div> <div class="node-body article-body">On Nov. 30, 2014, Swiss voters rejected an initiative that would have put an end to lump sum taxation of certain foreigners in Switzerland. </div> <div class="og_rss_groups"></div><p><a href="http://wealthmanagement.com/estate-planning/swiss-voters-uphold-lump-sum-taxation" target="_blank">read more</a></p> http://wealthmanagement.com/estate-planning/swiss-voters-uphold-lump-sum-taxation#comments Taxes Estate Planning Public Tue, 02 Dec 2014 17:41:00 +0000 721331 at http://wealthmanagement.com Copyright Michele Tantussi, Getty Images