Tax

Consumers with more than $250,000 in assets are seeking the services at a higher rate than financial advisors are currently providing them, according to a new survey.

As college application season begins, advisors can help parents with these two important yet sometimes overlooked financial tools.

A half dozen experts shared advice for financial advisors and clients who are buying, selling or refinancing homes.

The new guidance from the agency lays out the complicated rules for qualifying for up to $5,000 in subsidies per residence under the Inflation Reduction Act.

The irrevocable instrument has gained popularity among couples but should not be entered into lightly.

Experts from UBS and TBH Advisors share what to watch this year, as college sports seasons get underway.

A taxpayer failed in his quest to use the "reasonable cause and good faith" exception to avoid an IRS fine of hundreds of thousands of dollars.

The agency's criminal investigation arm has opened probed at least 252 claims under the pandemic-era employee retention credit amounting to $2.8 billion worth of subsidies.

Fraudsters are ever-inventive, and accountants and tax pros need to make sure their clients keep vigilant.

The new positions, which will be in more than 250 locations, will help ramp up compliance efforts against high-income earners, partnerships, large corporations, and promoters.

Tax strategy, quality of life and location represent some of the main factors when considering a CCRC, according to more than a half dozen experts.

Younger investors are much more interested than older investors in charitable planning services, a Fidelity report found — and advisors should take note.

Commissioner Danny Werfel's announcement of a massive effort "to ensure the IRS holds our wealthiest filers accountable" caught experts' attention.

The service will need to tread carefully with how it uses artificial intelligence amid growing questions about the reliability of the technology.

The deal represents the second major purchase by Genstar Capital-backed Cetera in 2023.

For at least seven years, the company has sought to recoup more than $5.4 million in taxes using an exemption the agency argues does not apply.

A retiree in Colorado wants to use her wealth to help heal the planet. How can she align her portfolio with her values?

The potential rules for sales or exchanges of cryptocurrency could reduce tax evasion and provide easily understandable documentation, experts said.

The agency and the Treasury Department two-year reprieve gives retirement advisors time to prepare — and a preview of upcoming guidance about Secure 2.0.

Although nearly all investors in the firm's new survey said tax efficiency was important to them, just over a quarter of them have consulted tax professionals.