Client Annual Tax Returns & Annuities.
As ever, the turning of the year means tax season is just ahead. When it comes to the taxation of annuities the devil is inevitably in the details. Advisors can demonstrate value here by showing understanding of the complexities of tax liability on the different types of annuities from numerous insurance companies. Annuities are sold as tax-advantaged, so the best advice at distribution time will be critical for your clients and promises that need to be kept.