Tax planning

Among the provisions of the new tax law is the introduction of in-plan Roth conversions for participants of employer-sponsored retirement plans. This provision may be especially valuable to high-income clients, according to Thomson Reuters.

The SEC and the IRS have met to discuss tax implications if money-market mutual funds were to adopt a floating share price, two people familiar with the talks said.

Taxes are increasingly spreading beyond national and state borders to make more of a global impact, affecting economic activity across the world.

The Internal Revenue Service said Tuesday that its Modernized e-File Production system is taking longer to generate federal acknowledgments for tax return filings.

The Internal Revenue Service said that budget sequestration would require reductions in refundable credits for certain tax-exempt bonds and the refundable portion of the Small Business Health Care Tax Credit for some small tax-exempt employers.

For years, accountants have heard they should include financial services among their tax or accounting practice’s service offerings, but is that a realistic goal?

The IRS has issued a warning to taxpayers who receive emails claiming to be from the agency.

Clients who hold valuable land may receive generous tax breaks in return for a conservation easement, but the IRS has made an effort to keep the tax breaks from becoming too generous.

The Internal Revenue Service said Wednesday that it has observed problems with the filings for education tax credits that could be delaying processing of tax returns.

The Internal Revenue Service said Tuesday that taxpayers need to report Roth individual retirement account conversions from 2010 on their returns this tax season.

Men and women 35 – 64 with income of $150,000 - $249,000 may represent the ripest sales opportunities for advisors, according to poll by Nationwide Financial.

As we head into the 2013 tax season, advisors should tell clients to be sure they won’t be hit with a Durden-style disallowance

A growing number of the nation’s wealthiest individuals are seeking advice on moving their funds and themselves not only across state lines but across national borders as fears grow over the direction of U.S. tax policy.

The professor of law and taxation at the University of Virginia discusses the American Taxpayer Relief Act of 2012.

Financial advisors may have breathed a sigh of relief after lawmakers reached a deal to avoid the fiscal cliff, but the next several weeks will bring more debate, and potentially more turmoil, over big-ticket budget items that could dramatically alter the strategies you recommend to clients.

Professor John Grable touched a nerve when he suggested in Financial Planning’s current issue that a mandatory AUM tax on advisors could help make financial planning available to all American families. Actually, he touched a lot of nerves.

The Republican chairman of the tax-writing House Ways and Means Committee, Dave Camp, R-Mich., released a draft document Thursday proposing a series of tax reforms for various types of financial derivatives and other financial products, building on work done by his committee over the past two years.

The Internal Revenue Service provided advice to taxpayers Wednesday on dealing with the late opening of tax season on January 30 that could also prove helpful to tax preparers.

The Internal Revenue Service reported that audits of individuals topped 1 million in fiscal year 2012 for the sixth year in a row, a coverage rate of 1.03 percent of all tax returns filed, while audits in the upper income ranges remained substantially higher than other categories.

Recent events make fundamental tax reform, already a heavy lift, much less likely.