Tax

The president has deferred payroll taxes that fund the program, and says he would eliminate them if elected to a second term.

Depending on the economy and the election, they could be on the chopping block as soon as 2021.

Several significant changes are probably in store for next tax season.

The agency is encouraging taxpayers who have received but not yet responded to a CP-14 notice to promptly do so.

New regulations have altered advice for Social Security, Roth conversions, tax code, estate planning and much more. Financial plans must be crafted with enough flexibility to change with the times.

Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.

From regulations to taxes, big changes could be in the offing.

By law, these payments are taxable so clients will need to report them on their 2020 federal income tax returns.

The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS set up during the pandemic.

This may be the final chance for eligible clients to submit for the additional economic impact payments under the CARES Act this year.

The president said his action authorizes the U.S. Treasury to allow companies to defer — not suspend — payroll taxes for Americans making less than $100,000 a year from Sept. 1 through Dec. 31.

Here's an at-a-glance guide to the candidates' positions on individual taxes.

Tax-rate arbitrage is one approach, but it’s far from the only one, according to contributor Michael Kitces.

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

A weaker U.S. dollar and a rollback of some of the 2017 tax cuts are just two possibilities, experts say.

The Tax Cuts and Jobs Act created opportunity zones as an economic development tool to stimulate investments in distressed communities.

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