IRS

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.

Some cryptocurrency investors are receiving a new round of letters from the IRS telling them that their federal tax returns don’t match the information received from virtual currency exchanges, a new front in the agency’s burgeoning scrutiny of the industry.

Clients are advised to consider delaying their Social Security benefits, as up to 85% will be subject to income taxes, an expert says.

More than 10,000 cryptocurrency investors received open letters from the IRS informing them that they may owe taxes on their digital holdings.

Taxpayers are advised to thoroughly review their tax withholding to ensure there is enough to cover their 2019 bills.

Those who fail to meet the cutoff face a hefty penalty that could hit as much as 25% of their dues.