Wealth management

U.S. Tax Court Judge Elizabeth Paris handed the taxpayers a victory last Thursday involving a powerful estate tax planning tool: private annuities.

Kayla J. Gillan, a former deputy chief of staff at the Securities and Exchange Commission and founding member of the Public Company Accounting Oversight Board, has been tapped to lead PricewaterhouseCoopers’ new Investors’ Resource Institute.

The International Organization of Securities Commissions (IOSCO) has published a consultation report offering recommendations regarding the protection of client assets, to help regulators improve the supervision of intermediaries holding client assets in the aftermath of scandals at MF Global and Peregrine Financial Group.

For taxpayers who scrambled to make last-minute gifts at the end of 2012 to take advantage of the gift tax exemption and lower tax rate, it was a good thing to do despite the fact that within 23 hours of year’s end, legislation passed averting the return to the old-law $1 million exemption and 55 percent maximum tax rate.

The chief executives and CFOs of companies accused of backdating stock options for their top executives were likely to lose their jobs and have trouble finding another one, according to a new study.

Highlights from the world of financial planning

The toolkit that I recommend does not exist in a toolbox anywhere, regardless of how consultants and associations try to market their package and products as a "turn-key" practice management system in a box.

A new poll of small business owners finds they want to see tougher rules imposed on Wall Street firms and other financial companies.

Most former NFL players are bankrupt or under financial stress within two years of retirement. So why aren’t more athletes using financial advisors? A former Pittsburgh Steeler says ego and fear are often to blame, but there are ways for players and advisors to make a winning connection.

Tales of professional athletes facing financial ruin are all too common. Whether it’s squandering millions or getting swindled by shady business and investment consultants, some athletes’ wealth falls as quickly as it rises.

U.S. corporations held larger cash balances in their treasuries at the end of last year than they did for the previous quarter or the previous year.

Certain owners of Individual Retirement Arrangements have a limited time to make tax-free transfers to eligible charities and have them count for tax-year 2012, the Internal Revenue Service said Thursday.

The Internal Revenue Service is providing information on some of the retirement plan provisions of the fiscal cliff deal that was signed into law earlier this month.

G2 FinTech has introduced TaxGopher+ cost basis reporting software for filling out the Form 1099-B.

2nd Story Software, the company that makes TaxAct consumer tax prep software, has introduced a do-it-yourself estate planning software product for drawing up a last will and testament.

Many members of the next generation of retirees are expected to face a large decline in their standard of living when they retire, according to a new report.

CPA and vice president of product strategy at CPA2Biz Greg LaFollette describes how competing cloud vendors can and should work together to help drive CPA adoption.

Investors need greater disclosure of derivatives used for hedging activities at the companies in which they invest if they are to understand the corporations’ risk exposure, according to a new study.

Fresh from year-end tax planning meetings with clients, we’ve identified four areas where great tax planning and great financial planning collide, specifically for people accumulating wealth.

Initial public offerings are not expected to grow much this year, according to a new study by BDO USA.