IRS Publication 5307, Tax Reform: Basics for Individuals and Families (PDF), provides information to help individual taxpayers understand the new law, take action – if necessary – and comply with your federal tax return filing requirements.
Executive summary. major tax reform typically only occurs once every decade or few. But after a tumultuous series of negotiations in both the House and Senate, a final reconciled version of the Tax Cuts and Jobs Act of 2017 appears to be heading shortly to President Trump for signature.
John Dos Passos, The American Lawyer: As He Was–As He Is–As He Can Be (1907): "I place the right of the lawyer upon the ground that he is an officer of the law, and that it is his duty to see that the forms of law are carried out, quite irrespective of individual knowledge [of a defendant’s guilt]."
If you're thinking "I need a financial advisor" and wondering how much to. Sure, there are bad ones here and there, either simply unskilled or just not. If you have an estate plan that minimizes taxes and headaches for your beneficiaries.. buying a house, getting married, having a baby, adopting a child,
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A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties (person or group of persons). Typically, a fiduciary prudently takes care of money or other assets for another person. One party, for example, a corporate trust company or the trust department of a bank, acts in a fiduciary capacity to another party, who, for example, has entrusted funds.
Tax planning may be low on your list of favorite financial chores but it’s essential for high net worth individuals. Without a carefully-developed tax strategy, high net worth investors run the risk of missing out on key tax benefits and paying more in taxes than necessary.