Fiscal Cliff 2012

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  Fiscal Cliff Tax Backlash: 4 Hits Your Clients Will Take—A Case Study

  By William H. Byrnes, Esq., Robert Bloink, Esq., LL.M.  |  December 12, 2012

  As fiscal cliff negotiations continue in Washington, a case study of the four major tax repercussions of a typical client couple should we go over the cliff.

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  ‘Haves’ Urge Stronger Estate Tax Proposal in Fiscal Cliff Talks

  By Michael S. Fischer  |  December 12, 2012

  ‘I can afford to pay the estate tax’ is a recurrent theme among wealthy supporters of a $4 million exemption, including a Disney, a Rockefeller, a Gates and a few folks named Buffett and Bogle.

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  Employer-Sponsored 401(k) Plans Would Drop ‘Significantly’ if Tax Treatment Curtailed: Study

  By Melanie Waddell, AdvisorOne  |  December 11, 2012

  A new report has found that curtailing the current U.S. tax treatment of contributions that workers and their employers make to 401(k) plans will “significantly reduce” employers’ willingness to sponsor plans.

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  Erskine Bowles: 40% Chance of Cliff Deal

  By John Sullivan, AdvisorOne  |  December 10, 2012

  Like the lottery, maybe he’s just playing the ages of his kids.

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  11 Senators Unite on Resolution to Protect Retirement Tax Incentives

  By Melanie Waddell, AdvisorOne  |  December 7, 2012

  With fiscal cliff negotiations putting tax incentives for retirement savings potentially on the chopping block, 11 senators have voiced their support for the employer-based retirement system by joining forces on a Sense of the Congress resolution.

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  Will U.S. Kick 401(k) Subsidies Off Cliff?

  By Gil Weinreich, AdvisorOne  |  December 6, 2012

  At a time of nearly desperate negotiations to find savings needed to avert the fiscal cliff, ending the taxpayer subsidy–to the tune of $100 billion–of retirement savings accounts seems to many to be a no-brainer.

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  Sen. Harkin: Fiscal ‘Slope’ Hiding ‘Retirement Deficit’ Crisis

  By Melanie Waddell, AdvisorOne  |  December 6, 2012

  Sen. Tom Harkin, chairman of the Senate HELP Committee, said Thursday that he was confident lawmakers “would address it," and that Congress “may vote on a debt limit extension" on Thursday afternoon.

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  To Avoid Fiscal Cliff, 401(k) Plans May Fall Off Deep End

  By Gil Weinreich, AdvisorOne  |  December 4, 2012

  Advisor Brett Goldstein says possible deals to cap contributions could shutter plans, hurt low-income employees particularly and see contributions plunge up to 65%.

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  Year-End Tax Strategy: Pairing a Roth Conversion With a DAF

  By Gavin Morrissey, JD, LLM, Commonwealth Financial  |  December 4, 2012

  A year-end tax planning strategy that may be just right for some clients facing the likelihood of increased income tax liability.

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  What Will the Possible Fiscal Cliff Plans Cost Your Clients?

  By Gil Weinreich, AdvisorOne  |  November 29, 2012

  Your bread-and-butter client, an upper middle-class family with two children, earning $147,000 a year, would see their tax bill rise by $7,323 if we go over the fiscal cliff. They would fare better under the plans of the two political parties.