It's important to assess the tax implications when a client's spouse passes away, advisors say.
States vary greatly on when they trigger income taxes on out-of-state workers.
Starting this year, SECURE 2.0 allows unused 529 plan funds to be rolled over into Roth IRAs without taxes or penalties.
Spouses can argue they had nothing to do with their partners' tax misdeeds, but it's not easy.
The IRS offers a range of options for gradually paying off a large tax debt, advisors say.
Criminals are getting more sophisticated in the ways they steal client information, advisors say.
Advisors say this is one of the more confusing tax seasons they've had to contend with.
Ric Edelman also warned that bitcoin was never about "trying to help people evade taxes.”
New rules have stepped up the reporting requirements on smaller transactions, including those involving digital assets.
The IRS offers a range of options for gradually paying off a large tax debt, advisors say.