Tax strategies

Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.

Educating clients with startup businesses on the new regulations can help them provide for employees without breaking the bank.

The majority of advisors don’t understand how much of a positive difference they can make for their clients, says advisor Deborah Fox.

Many clients have seen the value of their investment accounts drop, making this a good time for planners to prove their value

The COVID-19 pandemic has infected the service’s annual list of top tax scams.

“Time is quickly running out for these taxpayers," IRS Commissioner Chuck Rettig said in a statement.

Tax pros share what they’re telling clients about relief for the jobless during the pandemic.

Early withdrawals from retirement accounts may be unavoidable in today’s economic climate. You can help mitigate the damage.

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

The new relief plan has something for many taxpayers, including retirees and the recently unemployed.