Tax

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.

Establishing an S corporation would protect their profits from federal income taxes of more than 23.8%, an expert says.

Nearly three in four defer medical treatment, get suboptimal care to avoid deductibles or skip appointments to sidestep a bill.

Chances are high that one or both parents who have left the workforce ahead of their full retirement age are still working out of necessity.

Age discrimination, unpredictable life shocks and involuntary retirement casts serious doubt on the “work longer” thesis.

Advisors may need to alert clients as to when these checks will be taxable.

Clients adding investments other than target-date funds to their 401(k) or 403(b) could potentially hurt their bottom line.

With the net unrealized appreciation, workers can roll some employer stock into a taxable brokerage plan.

From surcharge brackets to prescription drug plans, advisors need to understand how Medicare works.