Financial Planning

The Internal Revenue Service plans to amend the regulations for the treatment of U.S. taxpayers who own passive foreign investment company stock through tax-exempt organizations.

The more discipline an individual brings to their finances, the more financially secure he or she feels in the present, and the greater likelihood they’ll be happy in the future, according to a new study.

Employees are becoming increasingly engaged and more proactive in their financial planning, according to a new study.

U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report.

As the political fight over raising taxes for high-income Americans fades away, so are predictions for negative economic fallout.

The Internal Revenue Service did not pursue up to $53 million in potentially improper claims for the Qualified Retirement Savings Contributions Credit, according to a new government report.

Seventy-four percent of U.S. adults believe they are worse off or about the same financially as they were a year ago, according to a new survey for the American Institute of CPAs by Harris Poll, but stress levels about finances have not increased in the past year.

“Old-world” economies charge higher inheritance and estate taxes than “new-world” economies, according to a study by UHY International.

April is National Financial Literacy Month, and in recognition of the importance of the topic New York-based CPA John Vento is partnering with members of Congress from the Financial and Economic Literacy Caucus to speak at high schools and universities in the New York metropolitan area.

The Internal Revenue Service has released a new revenue ruling that offers simplified safe harbor due diligence procedures that a retirement plan administrator can use in order to be deemed to have reasonably concluded that an amount was a valid rollover contribution for an individual retirement account.