Tax planning

The IRS has released the 2015 inflation-adjusted deduction limitations for annual contributions to a health savings account.

The IRS is anticipating the chances of a tax return being audited to be the lowest in years.

A new report estimates how much individual U.S. taxpayers would need to pay each year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens.

The House Committee on Small Business held a hearing to discuss the biggest tax problems for small businesses.

The Treasury Department and the IRS said they will treat 19 countries that have reached agreements with the U.S. on the FATCA as having those agreements in effect until the end of 2014.

As firms battle each other to lure advisors, HD Vest focuses on a different talent pool: tax professionals who expand into financial planning.

Under Obamacare, advisors can direct clients to health savings accounts, which they can use as medical IRAs.

While standard charitable remainder trusts can deliver tax benefits, lifelong income and philanthropic satisfaction, specialized versions add control over when the income starts to flow.

Consumer finance site WalletHub has released a report on the states with the highest and lowest taxes.

Having a long-term horizon for the sale of a business puts the owner in a better position to optimize tax strategies. It's also an opportunity for advisors angling for the investment business a sale will produce.

What is this wealth supposed to accomplish? Many HNW clients confront this question as they contemplate what to do with their fortunes beyond providing for their families. Here's how their advisors can help.

As advisors work to minimize the estate tax burden, what about an analysis of how estate taxes will be paid? Here’s a simple solution for covering the bill.

Transferring partial property rights to a preservation group offers financial and non-financial rewards at acceptable costs as long as the proper procedures are followed.

The so-called Crummey technique has the IRS concerned, so planners might want to alert HNW clients before the opportunity is reined in.

Portability shelters up to $10.68 million from transfer taxes for couples in 2014, but HNW clients can benefit from additional tactics.

HNW clients face steep income and estate tax in some states, so a legal move to tax-friendlier territory can pay off.

The Treasury Department and the IRS released a final package of regulations recently to implement FATCA and amend the regulations to align them with existing tax rules.

The IRS has significantly increased its enforcement actions against tax criminals and its rate of convicting them, according to a new report from the IRS's Criminal Investigation unit.

Chances are remote that Congress will pass a big bank tax into law this year, but House Republicans' sudden embrace of the idea suggests it has staying power.

A small division of the firm previously engaged in illicit activities to shield U.S. funds from tax authorities, officials at Switzerland's second biggest bank acknowledged. But they insisted that internal reforms to curb those abuses have since been implemented.