Amid uncertainty about proposed tax increases, these are the tax moves to consider before the end of the year.
South Dakota looms large in the 'Pandora Papers' investigation into how wealthy people hide their money, thanks to favorable trust and tax laws.
6 things to do before you make the move
The financial stakes can be high, and there may be deadlines that pile on the pressure.
Key questions include whether there's enough cash or income for the surviving spouse to live comfortably without selling the family house.
As the executor, you’re on the hook for filing the federal income tax return for the estate of your deceased loved one
Decisions, decisions. Here's the math.
Say goodbye to Roth IRA conversions.
The Ways and Means Committee's proposed tax law changes zero in on how the super-rich use self-directed individual retirement accounts (IRAs).
The House proposed restrictions on Roth conversions for some workers — here’s the upside
A growing number of employers are offering these accounts but most workers aren’t taking advantage
eLesor's Tax Guy suggests claiming basis step-up for inherited assets while it lasts.
How much should you worry about the 'Widow Tax Hit'?
IRAs are supposed to provide retirement security for the middle class, not tax avoidance for the wealthy
'To avoid probate, many individuals and married couples of means set up revocable trusts to hold valuable assets including real estate and financial accounts.'
Surviving spouses have options that no one else does
Waiting to take Social Security and tapping into the right assets can pay off
You can wind up paying taxes on gains earned by the fund before you were even a shareholder
Fix this early. It gets worse the long you wait
You can wind up owing taxes even if your mutual fund shares decline in value.
Will your RMDs be higher than your living expenses in retirement? Do something about it now