Employee benefits

Private collection agencies that have contracted with the Internal Revenue Service to collect overdue tax debts have collected nearly $500 million since 2017, according to a new report, but that’s just a fraction of the over $30 billion owed.

In the first wave of cases under the regulator’s self-reporting initiative, it garnered more than $2.7 million in payments of restitution plus interest.

A deep dive into all the critical questions, strategies and tax planning moves for clients and their university-bound children.

The latest deal by a wealth manager for an employee services firm enables the Raymond James Private Client Group to expand its reach.

The one-two punch of major tax laws passed within four months of each other creates some interesting puzzles for advisors to solve.

Coronavirus has accelerated trends in advisor compensation as firms move to an ensemble model and enhance their benefits packages.

The wealth management firm says the pandemic has proven how invaluable the benefit is for retaining talent.

For some, estimated tax payments are a non-issue. Others may earn all of their income from sources that don’t withhold amounts for federal income taxes.

In unique circumstances, contribution limits to a Roth IRA do not apply. Here’s why.

Big changes to regulations and retirement planning could be in the mix following the Democrat’s election victory.

It’s at least the second time in just a few weeks that the firm has sought to limit the expense of rewarding well-paid employees.

With a strong Democratic presidential contender, the risk of both estate and gift hikes beginning as early as 2021 is palpable.

The legislation would encourage saving earlier by enrolling employees automatically in their company’s 401(k) plan, whenever a new plan is created.

The Secure Act’s “RMD hall pass” for surviving beneficiaries requires deft maneuvering to deal with long-term concerns.

There’s a significant opportunity for advisors to help their non-business clients, earn some new ones — and it can be taken advantage of right now.

The thresholds will all rise, according to the IRS.

The firm currently provides benefits to 10,000 employers and their 2 million employees.

More than 130 fund management and financial advisory firms have written letters opposing the plan. And the complaints keep coming.

Both have their allure, but astute advisors can sort out the best choice between low-cost and premium versions.

Some cash-strapped clients with high medical costs could really benefit from making this move.