Tax laws

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.