Tax

Spousal lifetime access trusts are surging in popularity, but they aren’t as simple as some advisors or clients may think.

Tax pros share what aspects of the current tax legislation being considered in Congress brings the most questions from clients.

Among his mandates: having the IRS call taxpayers back, rather than making them sit on hold.

A French court of appeals upheld a 2019 finding that the bank had illegally helped clients hide money, but levied less than half the original penalty.

Puerto Rico is becoming a haven for crytocurrency investors looking to protect their gains.

A group of 99 House Republicans has sent a letter to Internal Revenue Service commissioner Charles Rettig asking for information about how the IRS plans to fix the backlog of unprocessed tax returns before the 2022 filing season.

For Americans worried about rising prices and shrinking household budgets, January could bring another blow to the bottom line.

The Internal Revenue Service is asking more charities and tax-exempt organizations to file their information returns electronically as required by the Taxpayer First Act of 2019, but its aging systems are experiencing delays that are frustrating tax professionals.

Just make up employees; working from home; distrust; and other highlights of recent tax cases.

As the end of the year approaches, it’s time for your business clients to take stock of — and tackle — any outstanding business compliance tasks.