IRS

Adjusting a federal income tax return depends on personal tax circumstances, “such as the materiality of the error,” an expert says.

Clients who have yet to make withholding adjustments to cover their tax liability still have time to avoid the extra burden.

Clients who own a business may be eligible for a 20% deduction as a result of tax overhaul. For those who don’t qualify, there are other savvy strategies

The funds may be gaining traction among older investors with significant assets, but rarely live up to their billing.

The 2017 Republican tax law approximately doubled the estate and gift tax exemption.

Technology, declining budgets and other factors are radically changing how and which tax returns get looked at.

Despite recent tax law changes, recharacterizations are still possible and can prove a valuable strategy to correct such missteps.

Buyout amounts are high right now, but there are many other factors to consider when guiding your client to the right choice.

Payouts from pensions and tax-deferred accounts are usually not taxed in states without a state income tax or with levies only on interest and dividends.

Since 2011, when Occupy Wall Street protesters rallied under the slogan “We are the 99%,” the income threshold for the top 1% is up an inflation-adjusted 33%.