IRS

High-deductible plans open the door to tax breaks for high-income investors, an expert says.

The IRS estimates it sent about 113.4 million refund checks to taxpayers, down from 116 million sent a year earlier.

Retirees often only take distributions when they are forced to do so because of the IRS’ RMD rules, an expert says.

Armed with some specific details, advisors can explain why the seductive option is both too good and too good to be true.

The guidance is the first since 2014 and comes as tax auditors are increasingly focusing on examining individuals with cryptocurrency investments.

Despite raised thresholds, advisors can still find big itemization opportunities if they know where to look.

Establishing an S corporation would protect their profits from federal income taxes of more than 23.8%, an expert says.

Advisors may need to alert clients as to when these checks will be taxable.

Advisors may be able to shift taxable income and potentially save on employment taxes, as well.

LIMRA predicts that lower interest rates will cut into the record sales, but two top issuers received IRS rulings they say will help RIAs offer the products.