Accountants can provide valuable advisory services to clients on estate planning, including dealing with wills and estate taxes, and dealing with issues such as charitable giving, charitable remainder trusts, wealth transfer and the gift tax.
The Internal Revenue Service has filed documents in U.S. Tax Court claiming that Michael Jacksons estate has severely undervalued his image and music catalog, telling the pop stars executors that the estate owes an extra $505 million in taxes, plus $197 million in penalties. Read more »
February 28, 2013
Will Rogers has been quoted as saying, The only difference between death and taxes is that... Read more »
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February 6, 2014
U.S. Wealth Management CEO John Napolitano discusses how CPAs can start a financial planning practice and how the initiative can go wrong.
March 3, 2014
As companies gain more affordable access to new technology and platforms, they also seek to make smarter investments.
February 7, 2014
The Tax & Accounting business of Thomson Reuters has compiled its annual sampling of quirky sales tax changes passed or implemented in 2013.
January 31, 2014
The Minnesota Society of CPAs recently conducted its annual survey about the most strange and unusual tax deductions proposed by clients.
January 24, 2014
The Taxpayer Advocate proposes a list of rights and responsibilities.
December 31, 2013
Our editors picks for the biggest stories in accounting in 2013