More On Tax Planningfrom The Advisor's Professional Library
- Selected Provisions of the American Taxpayer Relief Act of 2012 The experts of Tax Facts have produced this comprehensive analysis of selected provisions of the American Taxpayer Relief Act of 2012 (the Act) to provide the most up-to-date information to our subscribers. This supplement analyzes important changes to the tax code with emphasis on how these developments impact Tax Facts’ major areas of focus: Employee Benefits, Insurance, and Investments.
- Conducting Due Diligence of Sub-Advisors and Third-Party Advisors Engaging in due-diligence of sub-advisors isnt just a recommended best practice it is part of the fiduciary obligation to a client. An RIA should be extremely reluctant to enter a relationship with a sub-advisor who claims the firms strategy is proprietary.
It's a busy week, marked by Congressional hearings, earnings reports, and economic reports that could move the markets.
First up, though, Rep. Charles Rangel floated a plan last week to tax the "rich" to pay for healthcare reform Amid criticism from Republicans, and calls from some, including Warren Buffett, for another round of stimulus spending, President Obama defended stimulus part 1 in his weekly radio address.
Perhaps the biggest hearing of the week comes in the House on July 14, when Mary Schapiro is scheduled to testify on the current state of the SEC and its agenda before the capital markets subcommittee of Barney Frank's Financial Services Committee.
Other key Congressional hearings for the week include, in the Senate, a July 13 hearing by the Health, Education, Labor, and Pensions Committee on the Affordable Health Choices Act; on July 14, hearings on the Consumer Protection Agency in the Senate Banking Commitee, and on July 15, the same committee will hold hearings on regulating hedge funds.