IRS

Financial advice sometimes is — and isn’t — deductible.

A majority of affluent Americans are likely to adjust their financial plans under the new law, according to the AICPA. Here's how advisors can help.

Higher deduction ceilings have made itemizing a moot point for most individuals, but a novel strategy can yield real additional savings.

Audit rates are dropping, but there are still triggers that taxpayers can avoid to further reduce their risk.

Sweeping tax changes have made it more important than ever to understand what is, and isn’t, deductible.

The tax treatment of bitcoin and its ilk raises major questions.

Homeowners have fewer options as state and local deductions have been capped under the new law.

Clients may be in the dark about the regulators new rules for taxing digital currencies.

Borrowers can still use the allowance as long as it’s for home improvements.

Congress created a juicy new tax break, yet hundreds of thousands of clients still don’t know if they can claim it.

When 2018 taxes are due in April 2019, millions of Americans could find themselves owing the government far more than was withheld.

The added savings could be used to pay off student loans as well as increase mortgage payments and retirement plan contributions.

Advisors should educate themselves about the treatment of Medicare premiums, tuition fees and 401(k) distributions.

The agency has reprogrammed its systems to process three benefits most likely to be claimed on returns this season.

The products can offset potential losses from lowered state and local deduction limits.

The paperwork will be designed like the Form 1040EZ, the shortest federal income tax form.

Battles will ensue over the Trump tax plan’s treatment of payments to former spouses.

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.