Tax planning

New regulations have altered advice for Social Security, Roth conversions, tax code, estate planning and much more. Financial plans must be crafted with enough flexibility to change with the times.

Gifting embedded loss assets can avoid a step-down in basis and preserve capital losses. Here's how to go about it, under several scenarios.

From regulations to taxes, big changes could be in the offing.

The president said his action authorizes the U.S. Treasury to allow companies to defer — not suspend — payroll taxes for Americans making less than $100,000 a year from Sept. 1 through Dec. 31.

Here's an at-a-glance guide to the candidates' positions on individual taxes.

Tax-rate arbitrage is one approach, but it’s far from the only one, according to contributor Michael Kitces.

Any tax increases on high-income individuals and corporations would be offset by massive spending packages targeted at accelerating the country’s recovery from the coronavirus, according to the firm.

Educating clients with startup businesses on the new regulations can help them provide for employees without breaking the bank.

The majority of advisors don’t understand how much of a positive difference they can make for their clients, says advisor Deborah Fox.

The COVID-19 pandemic has infected the service’s annual list of top tax scams.

“Time is quickly running out for these taxpayers," IRS Commissioner Chuck Rettig said in a statement.

Tax pros share what they’re telling clients about relief for the jobless during the pandemic.

Early withdrawals from retirement accounts may be unavoidable in today’s economic climate. You can help mitigate the damage.

The Internal Revenue Service and the Treasury Department issued proposed regulations Wednesday to update the income tax withholding rules for periodic retirement and annuity payments made after Dec. 31, 2020.

The new relief plan has something for many taxpayers, including retirees and the recently unemployed.

Given that I must disclose on my Form ADV that we accepted the aid, I had to ask myself difficult questions about possibly over-zealous regulatory scrutiny as well as my firm's reputation, this advisor writes.

By making the right moves, retirees can reduce their taxable income and owe less in capital gains taxes, an expert says.

Little-known provisions include the economic injury disaster loan program, the employee retention credit and even an option to defer some payroll taxes.

Though IRA conversions during a market correction may enable some clients to save on their taxes, the strategy is not recommended for everyone.

For clients fortunate enough to not need them, minimum distributions are not required this year in most — if not all — cases.