Wealth management

On the same day that the Securities and Exchange Commission issued long-awaited rules for money market mutual funds, the Internal Revenue Service has issued its own rules for money market funds and wash sales.

I remember the tax-cutting years in previous political eras. Those were the good old days. Now it’s easy to get the impression we have higher income taxes and an extra tax on investment earnings. But analyzing taxes and the reasons behind them are not that simple. Some brackets are actually lower today, and some taxpayers are paying at a higher rate while others are paying at a lower rate.

Critical challenges facing Americans and their advisors

U.S. Wealth Management president and CEO John Napolitano discusses how accountants should take charge of the various advisors that their clients deal with and coach them, in an interview with Accounting Today editor-in-chief Dan Hood.

The Internal Revenue Service has partially withdrawn some of the rules it had earlier proposed on limiting rollovers from individual retirement arrangements.

Three-quarters of Americans are worried about having enough money for retirement, according to a new survey that found three out of 10 Americans are not saving for later years.

In 2014 many of the country’s high-income earners will keep less than they pay in taxes.

A federal appeals court has upheld a penalty assessed against the estate of a deceased man because the executor filed the return late, even though estimated taxes had been paid.

One time I had three clients who were on the board of directors of the same NYSE-listed company. Two of them questioned every bill and every hour spent, and their fees were fairly low for people of that caliber. The third person did not seem to care what he paid, and his fees were quite high.

The Treasury Department and the Internal Revenue Service have issued final rules on longevity annuities, which can help retirees manage their savings to ensure they have a stream of regular income as they get older, making longevity annuities accessible to the 401(k) and IRA markets.

Quarterbacking your clients' advisory team

From SEP and SIMPLE IRAs to Solo 401(k)s

The Public Company Accounting Oversight Board has released staff guidance to help auditors of brokers and dealers registered with the Securities and Exchange Commission to plan and perform audits in accordance with PCAOB standards as mandated by the Dodd-Frank Act and SEC rules.

A new study finds that disclosure of personal relationships between corporate CEOs and members of the board of directors could paradoxically encourage directors to exhibit less independence from management.

The Supreme Court held Monday that securities fraud plaintiffs need not prove loss causation in order to obtain class certification.

The Financial Accounting Standards Board has issued a new accounting standards update for stock compensation.

Bill and Hillary Clinton have long supported an estate tax to prevent the U.S. from being dominated by inherited wealth. That doesn’t mean they want to pay it.

U.S. Wealth Management president and CEO John Napolitano discusses how accounting firms should be choosier about the clients they accept, in an interview with Accounting Today editor-in-chief Daniel Hood.

A unanimous Supreme Court has held that the funds in an inherited IRA do not qualify for exemption in bankruptcy because they do not share the same characteristics as “retirement funds” that traditional IRAs have.

Genworth Financial has created a new Web site with information on long term care.