Financial Planning

From accidentally paying state taxes on T-bill income to wonky filing deadlines, these tips will help make a federal tax return sparkle. Or at least clean.

Americans pay billions of dollars in taxes each year when draining their retirement plans as they change jobs. The "leakage" doesn't bode well for long-term savings, data shows.

The board will initially allow companies to focus on disclosures around climate when they issue reports based on the ISSB's first two draft standards.

Danish prosecutors allege Shah oversaw a trading scam using a loophole on dividend payouts to reap duplicate tax refunds.

Plus, GBS Tax and Bookkeeping rebrands as Cleer Tax and Bookkeeping; ITA looks for new president; and other news from the accounting tech world.

The Internal Revenue Service issued a revenue ruling that aims to prevent abuse of stepped-up basis adjustments in irrevocable grantor trusts.

The committee released a study Thursday on how to apply its widely used internal control framework to sustainability reporting.

The Global Reporting Initiative released a report urging companies to take a due diligence approach in their sustainability efforts.

The board released an update to improve how companies disclose investments in tax credit structures by letting them use proportional amortization.

Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms.