An extended government shutdown could delay IRS implementation of the tax law. A contingency plan from the Treasury Department does not say such activity is exempt from the shutdown and shows 43.5% of IRS employees have permission to continue working.
Retirement savers need a Plan B should their primary plan not work out because of poor health or other unforeseen events, a study says. Of the 47% of respondents who have a backup plan, many are relying on savings, a working spouse or downsizing of their house.
The shutdown of the federal government came only nine days before the scheduled start of tax season. Here's a look at how the Internal Revenue Service might be affected.
Several recent cases involving US pilots who fly for foreign airlines have turned on the question of whether the pilots could claim the foreign earned income exclusion and illustrate issues that affect many taxpayers working in foreign countries.
Employees need to take charge of developing their careers, because many companies no longer invest sufficient time or resources in this area. Workers can follow six steps for growth, including identifying blind spots and seeking mentorship.
Nations that stand to minimize labor-market effects of automation are those already gearing youths toward highly skilled jobs and professions, according to a PwC analysis.
If your not-for-profit organization or not-for-profit clients are in the market for an enterprise resource planning system, you should check this out first.
The new tax law could affect existing estate plans, so now is a good time to review documents with clients. Clients may need guidance in five areas, including the impact of the law on state-level estate taxes.
Some planners are adding language to grantor trusts that allows trustees to pay taxes directly or to reimburse grantors. This can dissuade grantors from turning off grantor trust status entirely, but there are certain IRS rules to consider. Did you know Broadridge Advisor (free for PFP/PFS members) has many client-friendly materials about trusts? Check them out here!
Many pre-retirees do not have sufficient assets to retire comfortably, so here are five questions to ask clients to help facilitate the planning discussion. Among other things, ask clients what their ideal retirement would look like and how they plan to fund their lifestyle after leaving the workforce.
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