Tax

A phish, a mill and a stroll overseas are just three of the 12 major scams the Internal Revenue Service identified for this year's rogues gallery.

There are just three things clients want to know at tax time, and video summaries can provide the answers.

The Internal Revenue Service is extending tax relief on required minimum distributions from inherited retirement accounts not made in 2024 after providing similar relief in recent years.

Some financial advisors and tax professionals with high net worth clients could find big advantages before the expiration of provisions of the Tax Cuts and Jobs Act.

The annual rush to pay Uncle Sam means the Treasury doesn't need to issue as much short-term debt as in other months to fund the U.S. government.

The firm may pursue its claims through an administrative office at the agency after agreeing with the federal government to dismiss its case.

The Internal Revenue Service urged tax professionals to steer clear of so-called "spearphishing" scams from cybercriminals, including identity thieves posing as new clients.

With the proper preparation and support, student-athletes can turn NIL opportunities into stepping stones for lasting success and financial well-being.

The potential expiration of the Tax Cuts and Jobs Act leaves planners and their clients in limbo, but several strategies are in play today, experts said.

The top five states have an average effective real-estate tax rate of 2.02%

They can be a more tax-effective way to save for retirement than an IRA for those who are able to max out contributions and pay for medical expenses with other funds.

A new analysis of 110 years of state-level tax policies shows a migration of wealthy Americans to low-tax jurisdictions.

The high court heard arguments in a case about a commonly used succession planning tool for closely held businesses that may affect advisors' clients.

Senate Republicans don't want to hand President Joe Biden an election-year victory on the legislation, which includes both child and business tax breaks, lawmakers and aides have said. 

With tax authorities scrutinizing partnerships, CPAs and tax pros need to think more strategically about filing for extensions.

A congressional hearing takes aim at an estate planning strategy that relies on the step-up in basis.

The agency has indicted almost 800 people for COVID fraud, and has a 98.5% conviction rate.

Reporting requirements and asset location could loom large for clients seeking greater yield and diversification without thinking through payments to Uncle Sam.

WTF CPAs has used artificial intelligence to get a jump on busy season, just in time for April 1.

Ippei Mizuhara and an alleged bookmaker are under criminal investigation by the Internal Revenue Service, the agency confirmed.