Tax

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

Strategies include utilizing charitable trusts to split benefits between multiple beneficiaries and taking advantage of donor-advised funds.

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.

Given that I must disclose on my Form ADV that we accepted the aid, I had to ask myself difficult questions about possibly over-zealous regulatory scrutiny as well as my firm's reputation, this advisor writes.

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

By making the right moves, retirees can reduce their taxable income and owe less in capital gains taxes, an expert says.

Little-known provisions include the economic injury disaster loan program, the employee retention credit and even an option to defer some payroll taxes.

The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.

The IRS is giving taxpayers who want to receive their payments by direct deposit a tight deadline.

Though IRA conversions during a market correction may enable some clients to save on their taxes, the strategy is not recommended for everyone.

For clients fortunate enough to not need them, minimum distributions are not required this year in most — if not all — cases.

The Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money.

The rule change is designed to have an impact in the fight against COVID-19 and applies only to donations made to charitable organizations, an expert says.

There's a great deal of help for businesses in the CARES Act and the FFCRA.

How will the relief package impact retirement accounts? CPA Ed Slott fields this and other top financial planning queries.

The majority of U.S. workers do not have enough savings to help them in the event of a medical emergency and often turn to their retirement funds for help.

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

There are appealing methods to shift investments “upstream” to aging parents or “downstream” to grown children.

While the Fed regularly updates taxpayer rolls with death certificate information, the IRS was relying on 2018 data to process the checks.