The agency is expected to funnel more resources into auditing these tax breaks.
Taxpayers could see tax cuts preserved, but there will be wrangling over election tax promises.
Advisors say life insurance retirement plans are too often overlooked for wealthy clients.
Advisors warn that it doesn't take a lot of gambling winnings to trigger tax obligations.
Clients in partnerships and pass-through entities can sometimes get entangled in these tax dodges, advisors say.
The challenge is keeping a retiree's taxable income as low as possible.
There are limits to what taxpayers can deduct as property losses, advisors say.
Running away from the issue will only make it worse, they say.
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