Displaying 133 results
Crypto tax avoiders face IRS roulette: Confess, or try to hide
What should taxpayers do if they get an IRS letter warning that they may owe taxes on their digital holdings?
IRS is tracking down 10,000 cryptocurrency owners who may have failed to pay taxes
The agency is sending letters to warn taxpayers they may be subject to penalties for skirting taxes.
Battle against SALT deduction reignited by lawsuit
New York, New Jersey and Connecticut sue Trump administration once again over 2017 tax law's most contentious provision.
Treasury proposes curtailing ‘one bad apple’ rule for MEPs
Current rules punish all the employers in a multiple employer plan for a mistake made by just one
The perils of do-it-yourself IRA transactions
A $20,000 Roth conversion turns into a $2 million tax disaster, demonstrating why clients need advisers for critical IRA moves.
Treasury deals final blow to states’ SALT deduction workarounds
New regulations prohibit arrangements in which residents get state tax credit in exchange for charitable contributions.
New W-4 form aims to prevent tax refund surprises
But the redesigned withholding form won't be available until next year.
Attempt to ban SALT weakened by strong data
Northeastern states argue cap will cause devastation, but recent tax filings show revenue increases in New York and New Jersey.
4 top surprises from the new tax law
Advisers can turn these surprises into planning opportunities this year.
New bill links 401(k) matches to student loan payments
Measure would allow companies to make contributions to retirement plans for employees paying down college debt.
What happens during the 60 days stays in the 60 days
IRA funds withdrawn and timely rolled back into the IRA are protected in bankruptcy — no matter what the funds were used for while outside the account.
Conflicting tax information creates ‘nightmares’ for some investors
Brokerage tax statements don't always reflect all of an investor's accounts or original costs.
Trump’s rules for opportunity zones satisfy investors’ wish lists
The rules provide a more flexible timeline for investing cash, as well as a one-year grace period to sell assets and reinvest the proceeds.
Most Americans got a tax cut and didn’t notice
Surveys show just one-fifth of people believe their taxes have gone down.
Few rush to invest in opportunity zones
Provision of the 2017 tax overhaul lets investors pay less in taxes on profits that are reinvested in low-income communities.
Top reasons to file a tax extension
The penalty for failing to file exceeds the penalty for failing to pay, and an extension can also help with saving for retirement.
Treasury cuts penalties for taxpayers confused about withholding
The government's second reduction in the penalty threshold this year comes as 2017 tax overhaul leaves many with surprise tax bills.
Be sure your clients use nondeductible IRA contributions correctly
Advisers need to help their clients avoid common tax mistakes that can complicate things later in life.
SALT stays: Limit on deduction for state and local taxes isn’t going anywhere
Republicans don't want to tinker with tax reform, and Democrats don't want to be seen giving the wealthy a break.
Taxes, investment returns and the new Form 1040
Here are changes that advisers should understand so they can spot possible problems and opportunities for clients.
