Tax

The latest move by Democrats to curb the tax benefits for partnership profits interests signals how wealth inequality has become mainstream party ideology.

The bill, which would tax unrealized gains, is not part of the tax and climate deal announced earlier this week.

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

The long-term effects of harvesting losses can sometimes be worse for the client than doing nothing.

Stock market woes are depressing earnings for advisors who charge on client assets, but the pass-through benefit and a health insurance deduction can alleviate a lot of the pain.

Specialized tax services can be a great way to enhance revenue and cement your relationship as the client’s trusted advisor.

The guidelines can help planners with charitably minded clients steer clear of compliance thickets and run-ins with the IRS.

A look at the biggest regulations, legislation and court cases in the field from the first half of the year.

The strategy is widely promoted, but it can leave some investors worse off.

Capital gains distributions running to the hundreds of thousands of dollars hit certain clients with painful payments due to the firm's flub, a regulator says.

The service’s recent policies expedited the hiring of new employees, but prolonged delays in eligibility verification could increase the risk of exposure of taxpayer data, according to a new report.

Investment properties are a very different class from stocks, bonds and the like, one that often isn't managed with the same discipline.

For the last 100 years, the transactions have helped ensure the continuity of an original investment, with wide-ranging economic benefits.

The requirement, buried in the $1 trillion infrastructure law passed last year, mirrors one for brokerages and has flown under the radar.

“Inflation psychology” is back, complicating financial planners’ discussions with unnerved retirement savers.

A new bill taking shape in Congress is full of popular ideas and backed by both parties. But some experts say it doesn’t go far enough.

NTA Erin Collins expressed concern Wednesday about continuing delays by the service in processing tax returns filed on paper last year.

Once the province of wealthy investors thanks to high minimums, creating your own custom stock index can now cost less than a gallon of gas.

Nobody likes investment losses, but they do have an upside.

With two congressional recesses and an election coming up, time is running out.