A few troublesome forms stand out for their ability to cause filing delays.
Donors also are responding to ongoing needs in areas like Ukraine, Fred Kaynor said.
The agency said it is also looking to make changes to Form 1040 that would make filing easier for taxpayers.
The IRS says it will send out 30 million additional 1099-K forms in January.
A 5.4% bump in the standard deduction and a boost to 401(k) contribution limits are among the tweaks to account for inflation.
Section 1202 of the IRS tax code has long allowed taxpayers to deduct the sale of certain small business stock.
Many clients may be unaware of recent IRS inflation adjustments that could save them money, Edward Renn says.
Scale is the biggest challenge--and opportunity--financial advisors will face in 2024.
The IRS crackdown on wealthy taxpayers includes a renewed focus on trusts, advisors say.
A donor-advised fund can help retirement plan beneficiaries with the tax bite.
An S&P Dow Jones report shows in stark terms how taxes hurt active funds' performance.
Aid to Israel, generally agreed upon, is now tangled in partisan tax arguments.
The November winning streak will be tested this year if the economy defies expectations and strengthens.
Older clients have different needs, which often include the need to help family members.
Different times call for different year-end tax moves.
The renewed focus comes as the agency increases scrutiny of high-income individuals.
The Virtus KAR Mid-Cap Core Fund has navigated this space with top-notch results.
Data indicate many taxpayers are failing to report profits from crypto, the agency says.
The ETFs join a $229 billion muni lineup including the $29.3 billion Vanguard Tax-Exempt Bond ETF.
The LPL Business Solutions service will match advisors with LPL tax specialists.