Toby is a veteran journalist with more than a dozen years of experience in the field who joined Financial Planning in 2017 after prior tenures with the New York Daily News, Commercial Observer and City Limits. He earned an undergraduate degree in the humanities from the University of Texas at Austin and a master's degree in journalism from the Craig Newmark Graduate School of Journalism at the City University of New York. He has won a dozen business journalism awards during his time with Financial Planning, including those received for the 2020 podcast series "
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Here's how some financial advisors have offered the two services for decades and why the rest of the industry may finally be catching on to the opportunity.
March 5 -
Stubbornly persistent differences between white and Black households' income and assets present financial advisors with the big-picture implications of their work.
March 1 -
A new GAO study adds more fuel to the research suggesting the agency should be probing more rich households. Tax pros say those efforts will have big implications.
February 29 -
Planners who recommend the increasingly popular charitable vehicles could face penalties for what's currently a pretty common practice in the industry, experts say.
February 26 -
The 20% deduction for the qualified income of pass-through entities has strong supporters and critics. Here's how tax experts say it could play out if made permanent.
February 23 -
Those fields are a bright spot in dealmaking amid a slump in other industries. Here's why non-bank loans that drive deals could bring problems in the future.
February 19 -
Bill Harris, the former CEO of Personal Capital, TurboTax and PayPal published a new edition of his "Investment Tax Guide" with the future of the industry in mind.
February 12 -
A provision paying for breaks for parents and business owners has earned widespread praise, but an expert says financial advisors should be on alert.
February 9 -
The gift outlays — and the many rules and potential duties tied to them — can affect clients' long-term trail toward RMDs, Roth IRAs, the FAFSA and other areas.
February 5 -
Financial advisors and tax professionals with clients who bet online or at casinos must guide them through the choice of classifying as amateur or professional.
January 29 -
The superstar player's decision to push back his record-breaking pay intrigued planners who pointed out a bevy of wealth-related questions.
January 24 -
The IRS and Labor Department issued guidance on the new savings vehicles, but financial advisors and other wealth management professionals have questions.
January 22 -
Retirement plan sponsors and advisers receive guidance from the IRS on how to legally incentivize plan participation.
January 18 -
The TAMP developed its new tools after consulting with a group of financial advisors on the design and functions.
January 16 -
Retirement plan sponsors and their financial advisors receive guidance from the IRS on how the Secure 2.0 Act opened the door for "de minimis financial incentives."
January 16 -
In a change that may affect financial advisors and tax professionals' clients, the agency reversed course on a position it took seven years earlier.
January 12 -
Financial advisors, tax professionals and their customers can recoup 30% of the cost through credits for qualified upgrades to their residences.
January 8 -
Here's a breakdown of the most important proposals and debates circulating in policy circles ahead of this year's election and a big Supreme Court decision.
January 4 -
The arguments in Moore v. U.S. carry major potential implications, but these 14 excerpts suggest SCOTUS will deliver a less sweeping decision next year.
December 28 -
Here's a list of Financial Planning's most important stories in the past year involving the vexing array of complexities with paying Uncle Sam.
December 28
