Tax rules

The guidance is the first since 2014 and comes as tax auditors are increasingly focusing on examining individuals with cryptocurrency investments.

Some cryptocurrency investors are receiving a new round of letters from the IRS telling them that their federal tax returns don’t match the information received from virtual currency exchanges, a new front in the agency’s burgeoning scrutiny of the industry.

More than 10,000 cryptocurrency investors received open letters from the IRS informing them that they may owe taxes on their digital holdings.

Changes to the law meant some taxpayers needed to adjust their withholding. Many were confused about how to do so.

The proposed regulations also provide guidance for taxpayers who hold interests in regulated investment companies.

Community property rules, how to divide 401(k)s and the nuances of QRDOs are just some of the specifics advisors should know.

You’ll probably find administrators blocking the backdoor Roth IRA strategy more than anyone else, says Kimberly Foss, planner, author and Financial Planning contributor. That’s when you’ll have to adopt the role of educator, she says.

Passive income held offshore may benefit from an arcane provision signed into law by President John F. Kennedy.

There are only two ways to transfer IRA assets tax free in a divorce proceeding.