Displaying 23 results
Mutual fund investors brace for hefty capital gains taxes
As fund companies start to post annual tax distributions, more than 110 funds are already showing capital gains distributions of more than 20%.
Wait-and-see works better than overreacting to possible tax changes
Listen to a particular client's needs rather than the noise in Washington, advisers said at the IN Retirement Income Summit.
Tax hikes could fall away as Democrats shrink Build Back Better bill
But an executive at Schwab says increasing the top capital gains rate and lowering the estate tax exemption could make it into a compromise measure.
Advisers express relief at tax increases proposed in budget bill
The House Ways and Means proposal does not include taxing unrealized capital gains on inherited assets and the hike it suggests in the capital gains tax rate is not nearly as big as some feared.
Democrats slim Biden tax plan
In an attempt to appeal to moderates, House Democrats have proposed a package of tax increases that would raise the top rate on capital gains from 20% to 25%, instead of the 39.6% that Biden proposed.
How will a capital gains tax hike affect red-hot RIA M&A market?
Many RIA sellers who were already contemplating an exit in the near- to mid-term are likely to see the handwriting on the wall and scramble to complete their sales before the tax increase takes effect.
Why the M&A clock is ticking faster than ever
Firms interested in selling have increased dramatically, but going into the end of this year, it may be hard to find the specialized contractors needed to complete a deal, like bankers, lawyers and accountants.
3 steps to prepare wealthy clients for higher tax rates
In the current tax-the-rich political environment, the wisdom of getting wealthy clients the insurance of an alternative citizenship or residence is obvious.
Advisers blast Biden’s retroactive capital gains proposal
The effective date for the capital gains tax hike would be April 28, 2021, when the American Families plan was introduced, according to the Treasury Department’s Greenbook, a compendium of revenue proposals for fiscal 2022 that was released with the administration's $6 trillion budget proposal in May.
Biden tax plan forecast to bring in $3.6T in decade
The biggest surprise in Biden’s tax proposal is that it assumes an increase in the capital gains rate would be retroactive to April 2021, which would prevent wealthy people from selling off their assets quickly to avoid the hike.
Biden’s budget would raise annual spending to $6 billion
The budget will assume the increase in the top capital gains tax rate to 43.4% that Biden has proposed will be effective retroactive to late April.
Heeding tax winds, advisers chart new financial tactics for clients
Tax planning has become an urgent topic following President Joe Biden's proposal aimed at high earners and wealthy investors.
Biden tax rule would take billions from biggest fortunes at death
Ending the step-up in basis and raising the capital gains tax rate would amount to the biggest curb on dynastic wealth in decades.
Americans fleeing tax hikes may accelerate shift to ETFs
Exchange-traded funds are generally more tax-efficient, spinning off fewer capital-gain disbursements that for some could soon become a lot more costly.
Political reality is likely to curb, not stop, Biden’s proposed tax increases
Narrow Democratic majorities in the House and Senate provide plenty of political obstacles that could impede the president's tax plan.
Biden’s tax plan collides with GOP, SALT rebels
Republicans are likely to oppose the tax increases en masse, but the White House is also risking a struggle with Democratic lawmakers who want the administration to address the $10,000 cap on state and local tax deductions.
Biden eyeing capital gains tax rate as high as 43.4% for wealthy
The administration reportedly is considering boosting the tax rate on the capital gains to 39.6% from the current base rate of 20%.
Big capital-gains tax hit on horizon for mutual fund investors
Outflows from active funds and high returns can create a bad scenario in taxable accounts.
White House considers capital gains tax break that would benefit wealthy
The administration is working on a plan to index capital gains to inflation, and it might do so in a way that bypasses Congress.
Help clients avoid capital gains distributions
Shareholders typically don't like paying taxes on income they haven't received.
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