Tax strategies

The 2017 Republican tax law approximately doubled the estate and gift tax exemption.

Technology, declining budgets and other factors are radically changing how and which tax returns get looked at.

Despite recent tax law changes, recharacterizations are still possible and can prove a valuable strategy to correct such missteps.

Waiting too long means clients will miss out on the opportunity to maximize the plan’s full tax benefits.

Clients with children are advised to start saving early in a 529 plan to take advantage of the “tax-free or tax-deferred growth.”

Buyout amounts are high right now, but there are many other factors to consider when guiding your client to the right choice.

Fresh off rebranding its wealth management business to Avantax, the firm aims to support its smaller but more productive force.

Why the explosive growth of taxable munis could be sustainable

Although the elderly often lose the most from scams, younger clients are more likely to fall victim, according to a report.

Since 2011, when Occupy Wall Street protesters rallied under the slogan “We are the 99%,” the income threshold for the top 1% is up an inflation-adjusted 33%.

The IRS estimates it sent about 113.4 million refund checks to taxpayers, down from 116 million sent a year earlier.

Clients should consider paying more deductible expenses before year-end if their total itemizable deductions will be close to their standard deduction amount.

Armed with some specific details, advisors can explain why the seductive option is both too good and too good to be true.

The guidance is the first since 2014 and comes as tax auditors are increasingly focusing on examining individuals with cryptocurrency investments.

The tax basis can change when homeowners compute depreciation, loss or gain for sales purposes.

Blucora’s Avantax Wealth Management combines two firms that took competing approaches to serving tax professionals branching into wealth management.

Without the marital deduction, a certain category of married clients will have challenges inheriting property outright.

Clients should think of the years as empty buckets and keep the amount of income into each bucket level per year.

Despite raised thresholds, advisors can still find big itemization opportunities if they know where to look.