Financial Planning

Nearly a third of consumers who work with financial advisors confess they have not told their advisors critical information that could affect their finances, according to a new survey.

Michael Jackson’s estate challenged a tax bill calculated by the U.S. Internal Revenue Service, arguing that it overvalued assets including real estate, a Bentley automobile and the late singer’s “image and likeness.”

Investing is a complex undertaking. The supply of investment alternatives is seemingly endless. Evaluating various alternatives can be quite difficult and very time consuming.

Clients who inherit an annuity may now have a few more options thanks to a recent private letter ruling from the IRS.

The Public Company Accounting Oversight Board found deficiencies in all of the firms it inspected that audit broker-dealers, according to a report released Monday, and in 95 percent of the individual audits that the PCAOB inspected.

The Internal Revenue Service is going after the estate of Bill Davidson, former owner of the Detroit Pistons and auto industry supplier Guardian Industries, to the tune of more than $2 billion.

A majority of large U.S. corporate pension plans were underfunded at the end of 2012, but Fitch Ratings said Thursday it believes funding levels at mid-year have improved with recent discount rate increases and strong equity market performance.

Americans who currently buy their own insurance through the individual market would receive tax credits averaging nearly $2,700 next year for coverage purchased through new insurance marketplaces under the Affordable Care Act, according to a new study.

Despite being highly sophisticated and capable, ERP systems are so often under-optimized and not used to their maximum potential, either due to busy CFO leadership, expensive consulting costs, and the never-ending budget constraints on IT investments.

Investors are more concerned about improving the quality of financial disclosures rather than simply reducing the quantity of them, according to a new report from the CFA Institute, which takes aim at some recently proposed disclosure reforms that seek to cut down disclosure overload.