IRS

Clients who owe the IRS should pay their taxes by April 15 even if they have already secured an extension.

The Treasury and IRS are lowering the withholding underpayment threshold to 80%.

A higher standard deduction makes itemizing deductions less valuable.

The regulator is looking into whether brokers made appropriate share class recommendations for the plans as a result of the new law.

Changing filing statuses and maxing out deductible contributions to IRAs and HSAs are some ways clients received bigger reimbursements.

Retirement plans may decline to offer delayed RMDs, plan loans, stretch and hardship distributions and a host of other legally sanctioned tax maneuvers.

Modifications should be made as soon as they determine their liability for 2018 and the impact of the new law on their returns, an expert says.

Changes to the law meant some taxpayers needed to adjust their withholding. Many were confused about how to do so.

IRS data provides all the information needed to figure out the answer.

Although income that is taxable is likely to increase for families with two children, their final bills will be smaller.

The proposed regulations also provide guidance for taxpayers who hold interests in regulated investment companies.

There are still dozens of questions about how the tax break applies.

A closed phone line to IRS support could present a significant challenge, particularly with changes to forms like the 1040, experts suggest.

Clients who intend to file as soon as they receive their W-2s are advised to start gathering their documents.

Helping clients understand casualty loss rules following an unexpected tragedy.

Clients intending to set up a bank account or mutual fund for their child must consider various provisions.

Financial planners don’t have to be attorneys to help clients avoid high cost oversights

After Dec. 31, spouses responsible for paying alimony won’t get a tax deduction, due to a change under the Tax Cuts and Jobs Act.

These are the best and worst places to consider based on total tax burdens.

To prepare for questions — and their own filings — planners should note these tips.