IRS

The chances of getting audited for people making at least $10 million plunged during the last fiscal year, IRS data shows.

They are not required to pay taxes on income accrued from properties leased for no more than 14 days.

With accounts now often reaching seven figures, estate planning expert Natalie Choate delved into the complexity of the increasingly important tool.

In one case, a 6-year-old owed $7,000 in federal taxes two years after his father, a U.S. Navy senior chief petty officer, died of a heart attack.

“People didn’t want to use up their estate tax exemption,” but that has changed as a result of the new law, an expert says.

Cuts in Medicaid could prove disastrous for low-income retirees who rely on the program for nursing home care, experts say.

The earlier they begin planning, the easier it'll be to avoid a big tax hit.

Capital gains tax rates are not just taxed at a single, more favorable, rate anymore.

New legislation that aims to give workers greater opportunities to save may put the kibosh on a strategy for passing large individual retirement accounts to heirs.

They’re rare, but terrifying. Bear these points in mind when you or your clients face a tax exam.