Finseca Flash

Tax increase proposals: Legislative text & effective dates

Items not included No repeal of step up in basis at death No change to estate tax rates No excise tax on stock redemptions No overhaul of partnership tax rules No overhaul of tax treatment of financial products and derivatives No changes to rules for nonqualified deferred compensation No life insurance carrier stabilization No SALT…

Tax Increase Details

Topics: Finseca Action Center

BREAKING NEWS Tax increase details released September 13, 2021— Yesterday, Finseca got hold of a list of tax increases planned to pay for the $3.5 trillion dollar ‘soft’ infrastructure package. This is an early document. and we expect changes before the bill reaches President Biden’s desk – candidly, it could change as soon as tomorrow.…

Treasury releases “Green Book”

May 28, 2021— Today, the U.S. Treasury Department released its General Explanations of the Administration’s Revenue Proposals (“Green Book”), the accompanying documentation on the Biden administration’s revenue proposals. Below you will find a link to access the document, including detailed descriptions of the tax provisions in President Biden’s economic proposals and initial revenue estimates. GREEN...

What the Georgia Senate race results mean for you

January 6, 2021 – The possibility of a Democrat-controlled Senate with a 50-50 margin, with Vice President Kamala Harris being the tiebreaking vote could have huge implications for financial security professionals. With Rev. Raphael Warnock projected to defeat incumbent Senator Kelly Loeffler and Jon Ossoff increasing his lead over incumbent Senator David Perdue with ballots...