Tax laws

The sweeping retirement legislation, called the Secure Act, is gaining plenty of headlines. One revision is being overlooked.

President Jim Fitzpatrick plans to address changing approaches to distribution and data management, and place more focus on diversity and inclusion.

The Secure Act was designed to expand retirement savers’ options but it has subsequently all-but-eliminated the stretch IRA for beneficiaries. It's on advisors to make clients aware of the major change.

They are triple-tax advantaged, but also introduce significant challenges — especially for life partners with multiple accounts.

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.

The IRS estimates it sent about 113.4 million refund checks to taxpayers, down from 116 million sent a year earlier.

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.

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

The approved legislation relaxes rules for retirement savers.

The tax law overhaul has created planning opportunities.

No client wants to pay up. But, some could benefit from more tax exposure in retirement than actual spending.

Changes to the law meant some taxpayers needed to adjust their withholding. Many were confused about how to do so.

IRS data provides all the information needed to figure out the answer.

The law now creates a different method of caring for relatives while preserving the family’s financial plan, a John Hancock associate counsel writes.

After Dec. 31, spouses responsible for paying alimony won’t get a tax deduction, due to a change under the Tax Cuts and Jobs Act.

Each has its own requirements pertaining to tax withholding, clawback rules and filing deadlines.

Advisors can help by being familiar with tax relief options that might be available to affected clients. Here's what to look for.

This is your last chance to use a tax strategy that was unfairly demonized by some lawmakers during tax reform debates.

Think you’ve already optimized client portfolios? Think again.