Income taxes

There are steps you can take year-round, to help keep your clients’ personal data safe.

Even if they dislike digital assets, wealth planners have a fiduciary duty to understand their confusing and murky tax treatment.

April and Column Tax are among the startups capitalizing on the idea that taxes are part of a person’s financial life and banks are most suited to help with tax preparation and filing.

Under Biden’s plan, the tax would apply to households worth more than $100 million who do not already pay 20% tax on their “full income."

The mortgage interest deduction is capped, but the investment interest expense deduction isn’t.

It's counterintuitive, but basic short selling can boost the after-tax return on an entire retirement portfolio.

With prospects for major tax hikes in the rear view (for now), it’s the time to blueprint ways to reduce clients’ taxable income for ‘22.

Rich investors with sizable business losses are caught in pandemic tax hell amid IRS delays.

Here are four core moves that advisors are considering right now for clients as they gear up to file their federal tax returns.

Gift tax returns and the wealth transfer strategies they reflect don’t face the same IRS logjams as individual returns.

The National Taxpayer Advocate's annual report to Congress sounded alarm bells as millions gear up to file their federal returns.

Democrat-leaning states argue that the $10,000 SALT cap deduction is politically motivated and violates the U.S. Constitution.

Inflation and higher wages can push earners up a tax bracket, while unchanged deductions can spark bigger tax bills.

Advocates say they'll continue pushing for the write-off, but it is not widely popular.

The pandemic-related tax provision permits more people to deduct donations to qualifying charities on their 2021 federal income tax return.

After months of talk of steep tax increases on the wealthy, a kinder reality has emerged for well-off clients.

It’s a cliche that’s out of date, advisors say; instead, investors should actively consider the tax consequences before making market moves.

Well-off professionals in costly areas of the U.S. are set to get a windfall from competing plans to change the deduction limit for state and local taxes.

The agency has cleared out much of its mammoth backlog of unprocessed returns, but scores of individuals and small business owners remain in limbo.

Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade.