Financial planning

The Tax Court has decided that media mogul Sumner Redstone’s 1972 transfer of stock to a trust set up for his two children was a taxable gift, but declined to impose a penalty for fraud, negligence, or failure to timely file.

Capital markets executives are divided on the question of whether there will be more initial public offerings on U.S. exchanges next year, according to a new study by BDO USA.

December 31 is the last day for small business owners to open and start funding a 401(k) plan, and there are many tax benefits in a 401(k) that accountants should discuss with their business clients before the year is over.

Michael Sonnenblick of Thomson Reuters discusses how tax loss harvesting can help investors save on taxes, along with some of the risks.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

Helping clients make minimum distributions go further

As 2015 comes to a close, taxpayers are once again facing uncertainty as Congress has yet to act on a host of important provisions that expired at the end of 2014.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

The National Society of Accountants has released some suggested year-end tax tips for individuals, courtesy of Wolters Kluwer Tax & Accounting US.

Finding success with personal financial planning services

The budget deal passed by Congress last month included a provision that would end some Social Security claiming strategies used by couples.

Here is a story of something that occurred in 1980 and became the reason for my understanding of how bond investments work.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

The number of donor-advised funds created, and the amount of donations to them, continue to increase substantially.

The Internal Revenue Service announced three changes Friday to the proposed rules for the new tax-favored Achieving a Better Life Experience, or ABLE, accounts for eligible disabled individuals that will be included in the final regulations when they are issued to make it easier for states to offer and administer ABLE programs.

Many accountants and valuation experts are anxiously attempting to predict the contents of the revised Section 2704 regulations from the IRS on the valuation of family limited partnerships and other family-controlled entities.

Our weekly roundup of tax-related investment strategies and news your clients may be thinking about.

As we get closer to the end of yet another year, it’s time to tie up the loose ends and implement tax-saving strategies.

Check out the digital edition of the November 2015 issue of Accounting Today.

It’s never too late in the year for you and your clients to get ready for next tax season.