Tax

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.

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

The extension also applies to Americans living abroad who would otherwise generally have had a filing deadline of June 15.

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

The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic.

Major donor-advised fund providers said they’re using webinars, podcasts, social media and emails to nudge clients to give.

The Internal Revenue Service won’t charge people who threw their stimulus money away because they thought the envelope was junk mail.

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.