Financial planning

With the start of school just around the corner, taxpayers should be aware of the following tax breaks and deductions available for qualifying expenses, according to the audit defense service TaxAudit.com.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

John Napolitano of U.S. Wealth Management describes in this video some of the common mistakes made by CPAs who provide financial planning services for their clients.

The Treasury Department and the Internal Revenue Service have issued proposed regulations that would eliminate a tax-planning strategy for minimizing estate and gift taxes.

U.S. Wealth Management CEO John Napolitano discusses in this video common mistakes made by personal financial planning clients, such as not properly identifying their assets.

Many taxpayers have multiple Individual Retirement Accounts and 401(k) accounts, and as the baby boom generation enters its retirement years, more clients than ever are going to need advice from a tax professional about how to handle the complicated rules for required minimum distributions from the accounts once they finally retire.

Tax practitioners and their baby boomer clients are beginning to cope with a monumental financial and tax event—the onset of required minimum distributions from traditional IRAs and qualified plans.

John Napolitano of U.S. Wealth Management discusses in this video how to distinguish your best personal financial planning clients from the others.

Dealing with your clients’ other advisors

A torrent of money has started to flow from the IRAs and qualified plans used by over 77 million U.S. baby boomers to save for retirement.