Estate planning deconstructed: Tax Strategy Scan
Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.
Is estate planning dead?
Estate planning is a lot more than just minimizing the tax hit on a client's assets after they pass away, according to Kiplinger. Even if President-elect Donald Trump follows through on his plan to end the "death tax," its elimination will only impact the ultra-wealthy and a large number of clients will still be able to leverage the strategies behind this approach to managing their wealth after death. -- Kiplinger
8 ways your car can drive you to big tax credits and deductions
The pleasures of driving a new car can include the added bonus of several tax credits and deductions, according to the Motley Fool. For example, clients driving those trendy plug-in hybrids may be eligible for the electric vehicle tax credit. They may be able to also deduct mileage if the vehicle is used for work. -- Motley Fool
How a couple wrote off cat food and other breaks that boosted refunds. Plus, how charity counts toward an IRA withdrawal.February 14
There are ways around having to pay as much as a 50% penalty. Plus, inheriting Roth IRAs and designing more efficient retirement portfolios.January 31
Moving investments into these accounts may optimize returns and boost savings. Plus, know your IRAs and the impact of Trump's proposals on income brackets.January 25
Beat Uncle Sam with these portfolio tricks
Here's a way to prevent clients from having sticker shock when the tax bill arrives reflecting all their successful investments during the monster bull run of 2016, according to Nasdaq. This IRS-approved investing strategy may help offset a massive tax bill for those clients who didn't tor to save by investing within a tax-deferred account.