Tax-related identity theft happens when a criminal uses your Social Security number to file a tax return claiming a fraudulent refund. You may find out about the fraud when your e-filing
House Ways and Means Committee Chairman Richard Neal, D-Mass., continues to press IRS Commissioner Charles Rettig to answer questions about the usability of the new “postcard” size Form 1040 after
The 2019 tax filing season will be very different from recent ones for many taxpayers, and not just because of the 2017 tax cut legislation. The law cut marginal tax
While trying to time the market is a flawed and futile exercise, timing the taxation of investments is not. In fact, as an “advisor” (not “adviser”) I would argue this
Fidelity Investments’ quarterly data dump arrived last week, featuring loads of information about its retirement-account holders. It was eye-opening, to say the least. Recall last summer when we noted there
The Treasury Department and Internal Revenue Service’s recently released tax guidance on qualified business income deductions will help advisors “make better decisions for their clients,” according to Leon LaBrecque, an
Most advisors and clients may understand the mechanics and importance of tracking IRA basis, where failing to accurately track the basis of an IRA can result in the funds being
Many people use the old “Set-it And Forget-it” strategy when it comes to their workplace retirement plan. They fill out a quick questionnaire that tells them which funds to put
Within a month of the tax reform law’s passage in December 2017, 67% of CPA financial planners had discussed the effect of tax reform with their clients,…
When the new Congress convenes in January with Democrats in charge of the House for the first time in eight years and Republicans retaining control of the Senate, there will
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