Wealth management

Lawmakers in the House and Senate have re-introduced legislation to encourage the creation of employee stock ownership plans in S Corporations.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

The Internal Revenue Service has been unable to stop taxpayers from collecting billions of dollars in potentially erroneous education tax credits, according to a new government report.

Check out the digital edition of the May 2015 issue of Accounting Today.

Many high-income parents are concerned that by leaving a large inheritance, it can do more harm than good for their loved ones, according to a new survey.

A new AICPA survey found that an increasing majority (68 percent) of Americans with loans or whose children have loans expressed some regret about the way they paid for that education - representing an eight percentage point increase from the 2013 survey when 60 percent had regrets.

Fewer parents are finding the money to save for their kids' college. And those who are saving, are saving less.

Picking the right clients can make you both richer and happier

Chicago plastics manufacturer Stefan Edlis faced more than $20 million in U.S. capital gains taxes by selling his Andy Warhol painting to billionaire Steven A. Cohen eight years ago.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

American workers and retirees are expressing higher confidence about their ability to afford retirement this year, even though there is little sign they are taking the necessary steps to achieve that goal, according to a new survey.

Even though the economy is doing relatively well this year, that doesn't mean the average person isn't still worried about their own financial outlook.

The Treasury Department and the Internal Revenue Service are trying to get more employers to offer myRA retirement accounts to employees.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

As the story goes, John D. Rockefeller was getting his shoes shined when the shoeshine boy, not knowing whose shoes he was shining, started offering stock tips.

The U.S. House voted to repeal the 99-year-old U.S. estate tax amid a partisan clash over whether the government should break up concentrated wealth or make it easier to pass along assets to the next generation.

Congressional Republicans have narrowed the estate tax so much that it affects only about 5,500 wealthy American households a year. Now they want to eliminate the tax altogether—with a bonus for heirs.

April is Financial Literacy Month and Fred Slater, CPA, and Ellen Minkow, CPA, of MS 1040 LLC in New York City are offering some special tax advice.

The Internal Revenue Service and the Treasury Department have issued guidance aimed at making it easier for taxpayers to be automatically enrolled in retirement plans such as 401(k) and 403(b) plans by their employers, simplifying the correction methods if errors are made.

Practitioners need to be aware of the tax-free IRA rollover rules that took effect on Jan. 1, 2015 to protect their clients from major tax problems and penalties.