Financial Planning

The House overwhelmingly passed legislation that would expand the tax benefits for retirement accounts to bolster the savings of Americans.

Ending tax-free wealth transfers through the longstanding step-up in basis loophole is among the proposals.

The commission’s proposed rule would involve accountants and auditors more heavily in their clients’ efforts to provide assurance on sustainability reporting.

Return of an audit; transforming tax proposals; virtual guidance; and other highlights from our favorite tax bloggers.

Biden’s 10-year outlook still would rack up $14.4 trillion in deficits — most of it on autopilot — even after accounting for that $1 trillion in net deficit cuts from new policies like tax increases on the wealthy and corporations.

New rules from the IRS around required minimum distributions address changes from the SECURE Act.

The board issued an accounting standards update aimed at better aligning hedge accounting with an organization’s risk management strategies.

The $2.6 billion Miami firm is the largest independent advisor yet to take advantage of the U.S. territory’s incentives.

The billionaire facing the largest U.S. tax-evasion case against an individual slammed the Internal Revenue Service for emptying his wife’s bank account as it seeks to collect $1.45 billion from him.

The competing sustainability standard-setters have come under increasing pressure in recent years to do more to align their sometimes conflicting standards.