Section 409A
Internal Revenue Code Section 409A (Governing Nonqualified Deferred Compensation Plans)What is Internal Revenue Code (IRC) Section 409A?IRC Section 409A, added by the American Jobs Creation [...]
Top Hat Plans
Custom Benefit Plans for Key Personnel A top-hat plan is a type of nonqualified deferred compensation (NQDC) plan that is established to provide unfunded [...]
Tax deduction for Long Term Care insurance increased
The Internal Revenue Service has raised the income-tax deduction limit for Long Term Care (LTC) policy premiums that are paid in 2012. As in the [...]
New cost-basis reporting rules being phased in
Calculating Cost Basis Gets Easier This YearBrokers must track and report cost basis to both you and the IRSAnyone who has ever been baffled by [...]
2012 Tax Deadline Pushed to April 17th
Aptly Named: "Emancipation Day" Taxpayers will have until Tuesday, April 17, to file their 2011 tax returns and pay any tax due because April 15 [...]
Uncle Sam Knows Asset Allocation?
You might be surprised to hear that the Securities and Exchange Commission has published one of the most helpful articles on asset allocation. As you [...]
Retirement and Tax Planning: 2012
Every year brings some financial change, so here are some relevant changes relating to investment, tax and estate planning for 2012. Retirement plans. 401(k), 403(b) [...]
Overview of Health Savings Plans
Health savings accounts (HSAs), Archer medical savings accounts (MSAs), health reimbursement arrangements (HRAs), and flexible spending arrangements (FSAs) are all personal health accounts that may [...]
Borrowing from Life Insurance Cash Value
Life Insurance Policy Loans: Tax and Other Implications As the owner of a life insurance policy, you can generally borrow the policy's cash surrender value [...]
Global Stock Market Retrospective: 2011
U.S. STOCKS HELD UP RELATIVELY WELL IN 2011 It was a weak year for equities, but foreign markets had it worse. 2011 had a definite [...]