Tax planning

Investing with borrowed money is just one way clients could harm their retirement portfolios; Plus, expats are advised to invest in a low-cost, taxable account.

The IRS has issued guidance on the potential approaches it may take in the future on proposed regulations for the excise tax on high-cost employer-sponsored health coverage in the Affordable Care Act.

Following a favorable IRS ruling, the popularity of these retirement plans has been on the rise. Here's what advisors need to understand about offering them to clients.

Converting a traditional Roth IRA for the benefit of heirs doesn't always work as planned. Help your clients run the numbers.

A group of plaintiffs are suing the Treasury Department, the Social Security Administration, and the District of Columbia, claiming the federal government is continuing to hold onto their tax refunds to pay for supposed overpayments of Social Security benefits decades ago.

The Minnesota Society of Certified Public Accountants recently surveyed its CPA members in public accounting on the most outrageous tax deductions clients tried to take on their tax returns. Their responses included everything from pets and weddings to cars impounded by the police.

The IRS warned tax preparers and other tax professionals to be on guard against bogus emails seeking updated personal or professional information.

The fiscal 2016 budget includes proposals to limit the value of itemized tax deductions for IRAs and 401(k)s and other expenses to 28%.

This tax season is particularly bitter for gays and lesbians who live in states that still don't recognize same-sex marriage.

Clients who have the option of receiving a sizable lump-sum payment of their pension or life-long payments need to consider the advantages each has in certain situations.

Here's what every advisor should be looking for on their clients' Form 1040s -- and what potential opportunities may exist as a result.

Here's what every advisor should be looking for on their clients' Form 1040s -- and what potential opportunities may exist as a result.

Less than half of U.S. workers last year had saved even as much as $10,000 for retirement, according to a study, but catching up is still a realistic goal.

President Obama's 2016 budget tax proposals would raise taxes on the wealthy and multinational corporations stashing profits offshore, while promising middle-class tax cuts.

President Barack Obama sent a $4 trillion budget blueprint to Congress that would raise taxes on corporations and the nation’s top earners, fund major investments in infrastructure and education and stabilize, but not eliminate, the annual U.S. budget deficit.

Restructuring a client’s investments to maximize their after-tax payoff can yield a small fortune. Start with these steps.

For high-net-worth clients whose estates top the federal exemption, smart planning matters as much as ever. Here are a few strategies advisors may find rewarding.

The American Institute of CPAs has written to some of the top tax lawmakers in Congress asking them to grant relief to taxpayers in appropriate situations when they miss a statutory deadline or make an error in choosing an election.

The beginning of the year is a great time to handle many estate planning tasks. Use this to-do list with clients to give their plans a review and update.

Congress should revamp Social Security to ensure that retirees will receive at least 75% of their benefits in case the trust fund is depleted, says a professor.