Wealth Planning

What’s the one thing that is trickier than tax law? That’s right. Tax law changes! Especially those that happen in the final quarter of the year, giving both tax preparers and tax planners sleepless nights pouring over the fine print and strategizing for their clients. This year may prove to be no exception, as the “American Families Plan” tax proposal is moving through the legislative process. At the time of this writing, the proposal is

Which is the correct spelling: Advisor or Adviser?  As it turns out, the Securities and Exchange Commission (SEC) doesn’t care as long as the “advisor” doesn’t spell it b-r-o-k-e-r. Regulation Best Interest restricts the use of the word Advisor The SEC issued a ruling known as Regulation Best Interest to reduce investors’ confusion. The regulation restricts the use of the term “advisor,” regardless of its spelling, to companies who operate as Registered Investment Advisors (RIAs).

Numerous warnings have been issued in an attempt to forestall financial identity crimes. However, thieves repeatedly find new ways to vex victims. One attack plan involves the filing of fraudulent tax refund claims using stolen personal data. Stay safe this tax season by knowing what immediate action to take if you suspect identity theft. Warning Signs of Tax Return Identity Theft Be alert to possible tax return identity theft if you receive a notice from

According to the Federal Trade Commission, identity theft is at the top of the list of consumer complaints. Despite the best safeguards, it has become clear that we can’t always control the way people access or use our personal information. Even the IRS isn’t immune to scammers. The Government Accountability Office reported that $5 billion in erroneous refunds were paid in 2014 as a result of fraudulent filings. In 2018 Equifax, one of the three