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Financial advisors and tax pros say the exemption poses a lot of complexity — and substantial savings. But it could go away at the end of next year.
March 14 -
A Brazilian-American businessman who lives in Florida was charged with using Credit Suisse Group AG, UBS Group AG and other Swiss banks to hide more than $20 million in assets from U.S. tax authorities over 35 years.
March 12 -
Some companies are misrepresenting when food and wellness expenses can be paid for by FSAs, HSAs and other health spending plans.
March 8 -
Financial advisors and tax professionals say many clients get too fixated on April 15 without understanding the benefits and ease of pushing back the deadline.
March 5 -
A new GAO study adds more fuel to the research suggesting the agency should be probing more rich households. Tax pros say those efforts will have big implications.
February 29 -
The tax authority is drafting final regulations that would require crypto brokers, including exchanges, to report detailed information on their clients' transactions.
February 28 -
Planners who recommend the increasingly popular charitable vehicles could face penalties for what's currently a pretty common practice in the industry, experts say.
February 26 -
The agency will begin three to four dozen new audits this spring to see if inappropriate deductions were made.
February 22 -
The IRS wants to help businesses know when they don't qualify for an Employee Retention Credit.
February 13 -
A provision paying for breaks for parents and business owners has earned widespread praise, but an expert says financial advisors should be on alert.
February 9