Tax

Allowing clients to surrender or lapse life insurance policies before gauging value on the secondary market amounts to a fiduciary fail, argues Cole Hallman of Citizens Life Group.

Tax delinquency is increasing among federal government employees as well as retirees, according to a new report.

With about 41 million American workers lacking access to a retirement plan through their jobs, experts say advisors could play a pivotal role.

Parents who don't effectively communicate estate plans to their children set them up to fail financially, emotionally and relationally.

Schwab limits the proportion of assets that its advisory partners can hold in risky long-short SMAs to 30% of the total.

Financial advisors can differentiate themselves by knowing when to apply the tax-friendly strategy — and when to take a pass.

Exchange funds could help address some wealthy clients' concentration risks and tax quandaries at the same time.

A Wells Fargo executive is using her own cancer diagnosis as a wake-up call and teaching case for financial advisors and their clients' estate plans.

The 10 states that offer the best return for residents' tax dollars.

The expansion of cryptocurrency, stablecoins and tokenized assets means more complexity at tax time, including a brand-new form to manage: 1099-DA.

As RIAs look to offer more holistic planning, many are partnering with CPA firms to deliver tax expertise without the cost and complexity of building it in-house.

The new state income tax is expected to make Washington munis, which are exempt, more attractive for high-earning residents.

Tax planning is becoming a more popular holistic offering for financial advisors, but tax time can become hectic.

State and local tax burdens vary widely depending on how taxes are structured. A new WalletHub study provides a definitive ranking.

With enhanced ACA subsidies gone, even a small income mistake can cost clients thousands.

Residents exiting Massachusetts took a net of $4.2 billion in adjusted gross income with them in 2023, one of the largest totals in the country.

More than 1.2 million taxpayers only have until April 15 to claim a total of approximately $1.2 billion in refunds for tax year 2022.

The unit will now be renamed Threadline Wealth, backed by investment from the Cynosure Group, and have $5.8 billion in client assets under management

A well-intentioned tax move can push retirees over a Medicare income threshold, leading to thousands in unexpected annual premiums. Here's how advisors avoid these costs.