Cashing in on Social Security
Article:
Knowing a few simple facts about Social Security can make a big difference in the amount of income your clients receive over...
Published on January 28, 2011
Retirement Plan Strategies After the Financial Crisis
Article:
There remains a sense of financial uncertainty, which makes it harder to plan for the future, yet it’s now more important than ever to develop a proactive retirement strategy.
Published on January 28, 2011
Strategies for the Social Security Safety Net
Article:
...approximately the next 20 years, 10,000 people a day will become eligible for Social Security retirement benefits and will be looking to a tax practitioner to help them plan...
Published on August 24, 2012
CPAs Can Take the Lead in Boomer Financial Planning
Article:
Baby boomers will need a wide range of financial planning services and have the money to pay for them
Published on May 21, 2010
Court Reverses Broad-Based FICA Exclusion for Severance Payments
Article:
In March 2008, the Federal Circuit reversed a decision of the Court of Federal Claims that the qualification of payments as supplemental unemployment benefits under Sec. 3402 required the payments to be treated as nonwages for FICA tax purposes.
Published on May 12, 2010
Classification as a Statutory Employee
Article:
Statutory employee status may be beneficial for both an employee and his or her employer; however, an employee must meet specific requirements to qualify as a statutory employee. This article discusses the rules regarding statutory employee status set out in the Code and the regulations and how these rules have
Published on December 01, 2010
Advising Clients Amid Constitutional Challenges to the Defense of Marriage Act
Article:
...their clients in same-sex marriages with protecting their rights to federal and state tax refunds as well as providing additional advice regarding income and gift and estate tax planning in light of DOMA’s uncertain future
Published on November 30, 2012
Tax Planning for the Use of TIPS at Retirement
Article:
For some retirees, Treasury inflation-protected securities may be a valuable source of retirement income
Published on May 10, 2010
The Next Case of Madoff Disease
Article:
...clients rely on just the word-of-mouth reputations of investment professionals within their social groups, they miss out on the healthy skepticism and due diligence exercised by an advanced planning group. A referral from a successful friend may be a great place to start...
Published on January 28, 2011
Substantially Equal Payment Exception
Article:
One of the most useful exceptions to the early distribution tax (particularly for IRA distributions before the taxpayer is age 59½) is the exception for substantially equal payments.
Published on July 01, 2010
Evaluating Whether to Adopt a Retirement Plan
Article:
Qualified retirement plans appeal to both employers and employees. In today’s job market, such plans help employers compete with other firms that offer such plans.
Published on May 10, 2010
HIRE Act 2010
Article:
On April 7, 2010, the IRS issued additional guidance, in the form of frequently asked questions (FAQ), on the 2010 payroll tax exemption and the 2011 retention tax credit. You can review these frequently asked questions (FAQs) on the IRS website under HIRE Act: Questions and Answers for Employers. These
Published on January 28, 2011
Key Planning Considerations for Cash Flow in Retirement
Article:
Assuring sufficient cash flow during retirement is a critical planning consideration. This column addresses various factors that affect cash flow for retirees in the current economic climate
Published on May 31, 2012
The Funding Dilemma Retirement or College
Article:
Editor: Michael David Schulman, CPA/PFS At a recent meeting, a client wanted to talk about paying for his child’s college costs for the upcoming spring semester. When asked if he had any retirement savings, he answered that he had a small amount in a whol
Published on July 13, 2010
Making Gifts to Minors
Article:
This column discusses the advantages and disadvantages of gifting under the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act and in what kinds of situations each should be used.
Published on May 03, 2011