IRS

What some clients tried to claim on their tax returns shows they often don't know much about accounting.

Entrepreneurs who suffer continuous losses could find their work classified as a hobby by the IRS.

Seniors are less likely to itemize tax deductions this year as a result, an expert says.

With lowered surcharge thresholds effective this year, strategies to manage the bite are a way for advisors to add client value.

The estate of Michael Jackson looks to have escaped a possibly hefty penalty for allegedly undervaluing the late singer’s assets.

In a year where the market has reached new heights, protecting client’s wealth from losses, including the costs of taxes, is just as important as generating returns.

Advisors say it’s never too early to start saving for college.

Many deductions are likely to disappear if Congress passes the reform bill into law.

The proposed overhaul may severely limit investors’ ability to minimize capital gains on stock.

Many dividend-focused funds use methodologies that exclude real estate investment trusts.