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In this episode of Motley Fool Answers, longtime Motley Fool analyst Tim Beyers joins Alison Southwick and Robert Brokamp to discuss how much to invest in one stock; whether to invest a lump sum all at once; accounts for kids; and which types of options strategies are most Foolish. To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in stocks. A full transcript follows the video. This video was recorded on April 27, 2021. Alison Southwick: This is Motley Fool Answers. I'm Alison S...

Stepped Up Basis Reform: Biden’s Middle-Class Tax Hike? May 6, 2021 6:34 AM Taylor Tepper - Forbes Advisor Posted: Updated: May 8, 2021 6:32 AM President Joe Biden campaigned on a promise not to raise taxes on middle-class Americans. But a little-known provision in his big social programs bill could do just that. Tucked away in the American Families Plan, is a proposal to change the way capital gains taxes are paid on estates when people pass away. This seemingly small revision to a tax rule called stepped up basis could cause average Americans to pay more to Uncle Sam than they w...

The May 17 income tax deadline is just weeks away. If you haven’t submitted your information to the IRS, you need to do it soon.

Weighing in on disputed language in IRS 10-year RMD rule While the IRS has not corrected the publication that suggested annual required minimum distributions under the 10-year rule, no one believes this to be correct. April 28, 2021 3 MINS Here’s an update to my earlier article on IRS’s interpretation of how the SECURE Act 10-year rule will work for beneficiaries of individual retirement accounts. I am now 100% convinced that the idea of annual required minimum distributions under the 10-year rule was an IRS error that will soon be corrected. As of this writing, IRS ...

New York is raising taxes for millionaires. Will other states follow? CNBC 7 hrs ago Carmen Reinicke © Provided by CNBC New York Governor Andrew Cuomo speaks at Rochdale Village Community Center in Queens, New York, on April 5, 2021. The highest-earning New Yorkers are about to be hit with a tax hike. The New York state Senate and Assembly late Wednesday passed a $212 billion budget proposal after lawmakers reached a deal with Democratic Gov. Andrew Cuomo. The measure raises taxes on the wealthiest New Yorkers and corporations to generate more than $4 billion in revenue. ...