IRS

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.

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.

It’s the Roth’s 20th birthday. Where is everyone?