Financial Planning

by Bob Rywick

by Cynthia Harrington

WORRIES OVER DILUTION, NOT EXPENSING, DRIVING OPTIONS SCALEBACKS: Despite a booming stock market, three-quarters of Standard & Poor’s 500 companies surveyed said that they are planning to shift away from stock options, but not as a result of expensing, according to a survey by Deloitte & Touche — rather, they’re running out of shares for option grants.

Washington — The Financial Planning Association has lent its support to a White House budget proposal that called for the creation of three new savings plans for saving for retirement, and that would reduce the number of defined-contribution plans to one.

The following rules apply to determine how deductions that enter into the computation of distributable net income that is taxable to an estate or trust beneficiary are allocated among the items of trust income.

by Mitchell Freedman

by Dave McClure

by Bob Rywick

by Derek Graham

Wealthiest Taxpayers Accounted for 7 Percent of Charitable Gifts: Gifts by the 400 wealthiest taxpayers in the U.S. accounted for about 7 percent of all charitable gifts reported on income tax returns for the year 2000, according to the NewTithing Group, a nonprofit donor education and research organization.