Tax

When his dad passed away, my client would have to probate 60 different stocks and a New York property, plus handle charitable contributions. At the same time, 13 grandchildren would breathe down his neck for their inherited shares.

Appetite for cyclical plays like financials has picked up as trade negotiations between the U.S. and China show signs of progress.

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

Payouts from pensions and tax-deferred accounts are usually not taxed in states without a state income tax or with levies only on interest and dividends.

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%.

High-deductible plans open the door to tax breaks for high-income investors, an expert says.

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.

Paying down debt, downsizing and reducing spending are a few ways retirees can grow their finances.

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

With millennial and Gen Z clients expected to have longer lives than their parents, securing an effective retirement horizon can have its challenges.

Taxpayers face a 5% penalty if they fail to meet the deadline.

Among funds impacted so far, the Invesco China Technology ETF fell 2.8%, while the KraneShares CSI China Internet Fund lost 3.8%.

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

Plans can quickly deteriorate as a result of poor planning and inaccurate assumptions about the future.