Financial Planning

A proposal by the Obama Administration regarding grantor trusts has estate planners on edge as they ponder its implications.

The American Institute of CPAs has written a letter to the Internal Revenue Service, recommending that the IRS delay matching the basis information the law requires brokerage firms to report about taxpayers’ capital gains and losses with what taxpayers report on their income tax return.

Top stories from the past month in financial planning

Don't be afraid to serve the very, very rich

Odds have now turned against those hoping that the health care law passed in 2010 will "just go away."

The Certified Financial Planner Board of Standards, Inc. has approved the organization's first-ever Sanction Guidelines, which will be used by the Disciplinary and Ethics Commission and staff when determining sanctions for particular CFP Board violations.

XBRL US launched on Wednesday its second annual XBRL Challenge, a contest to discover the top open source analytical tools that can mine XBRL-formatted corporate financial data from the SEC’s EDGAR database.

Senate Democrats, who are united in support of higher income tax rates for millionaires and billionaires, are paralyzed by disagreements on how to tax the estates of the wealthiest Americans.

An increasing number of business entities, including investment funds like the Carlyle Group, along with private hedge funds, private equity firms and venture capital funds, largely escape Internal Revenue Service audits due to the way they are organized, according to a new report.

Families who have prepared a personal financial plan report more success managing their money, savings and investments than those who have not, according to a new survey.