Tax audits

Advisors tend to avoid clients' tax issues when they involve the IRS. It's a missed opportunity to add value.

The service is gearing up for a potentially massive tax-enforcement push if Congress passes a plan including $40 billion to expand audits on the wealthy.

Employees who move to low-tax states may still be taxed by their former residence, as more states levy taxes on cross-border business.

Fewer than two out of every 100 taxpayers reporting over $1 million in income were audited by the Internal Revenue Service in fiscal year 2020, according to a new report.

Moving to a lower-tax state is more attractive than ever with the $10,000 cap on state tax deductions.

Technology, declining budgets and other factors are radically changing how and which tax returns get looked at.

The agency processed more of every major type of form during FY 2018 than during the prior year, with the exception of estate tax returns.

They’re rare, but terrifying. Bear these points in mind when you or your clients face a tax exam.

The regulator is looking into whether brokers made appropriate share class recommendations for the plans as a result of the new law.

It’s one of the most consequential — and misunderstood — concepts for clients with properties in more than one state. Where should they call home?