IRS

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.

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.