Tax strategies

From sea changes with inherited retirement plans to the ETF juggernaut, here's what advisors grappled with for affluent clients.

Estate planning experts at JP Morgan, Bank of America, UBS, Morgan Stanley, Wells Fargo and other firms weigh in on how client needs and interests, as well as industry practices, have changed.

With markets down so far this year and persistent inflation back, certain tax-saving moves can be particularly useful.

Donor-advised funds are under scrutiny for providing a tax break but not funneling money to charities.

The agency aims to hire scores of auditors, but there's a nationwide shortage of accountants.

Thanks to the Affordable Care Act, single, non-dependent children are able to fund their own HSAs with the full family maximum contribution limit.

While the new 10-year rule slams heirs, it may also afford some increasing largesse.

Taking the prize in annual installments over 29 years, rather than all upfront, dramatically increases the windfall. Lottery victors with seven-figure winnings can also reduce their tax bill.

Taking losses is the silver lining to this year's 20% market decline.

By keeping an eye on the future and potential new tax developments, tax advisors can offer their clients a sense of stability and proactive tax planning.