Election 2020

The bank joined dozens of other companies in announcing that they would suspend and review their political donations following the Capitol riot.

The pending nominations send a clear signal that the rule-cutting and lax enforcement the industry has grown accustomed to under President Trump are over.

If confirmed by the Senate, the former CFTC chairman would be the new administration’s front-line regulator for Wall Street.

The flood follows a strong Democratic showing in last week’s runoff elections in Georgia, which tipped the Senate’s control to President-elect Biden’s party.

While many condemned the violence, few firms have cut financial support to elected officials who have backed Trump’s baseless claims of election fraud.

It's typically advised to shift income into the future to reduce tax bills for the current year. But experts say that may not be the best approach.

The outcomes of two elections in Georgia that are scheduled for Jan. 5 are expected to determine the balance of power in the Senate and may also have an impact on the kind of tax planning that accountants should be advising their clients to do.

Whether the law changes next year or in 2025, wealthy clients can save by using the generous provisions now.