With an average tax refund of more than $3,000 many taxpayers are planning to save the funds this year and pay down debt or save for the future.
SECURE Act regulations, the SALT deduction, and Roth IRA strategies were among the leading tax topics raised by financial advisors at a recent webcast.
The IRS is proposing new rules for retirement account distributions including changes to the requirements of the 10-year rule for heirs.
The Treasury Department updated the life expectancy projections used to calculate RMDs which may allow retirees to keep more savings longer.
Individuals who withdrew retirement funds under the CARES Act have options for filing and paying taxes.
An obscure rule for tax-savings on highly-appreciated company stock may be more appealing to clients following additional clarification and guidance from the Internal Revenue Service on the investment income surtax. Federal laws include special tax treatment for certain distributions of company stock held within a retirement plan. Under this rule, only the cost basis of
During tax season, it’s common for both advisors and clients to be focused on tax filing forms. But tax forms may be used for more than just filing taxes. Consider using IRS tax form 1040 to launch a variety of planning discussions. Use the table below to see how the line items reveal information that