Retirement

Beneficiaries won't get hit with a 50% penalty for not making withdrawals in 2021 and 2022 — an unexpected move by the IRS. But questions still remain.

During partnership planning, design and discussion related to CPA firm buy-in, be sure to cover these four essential topics.

Investors tend to "chase yield" in tough economic times, but there's a price to that.

A recent study has found that the number of people who overestimate how savvy they are has grown.

Biden's program will wipe out federal debt for millions of borrowers, freeing up cash to compound in long-term nest eggs over decades.

Martin Mucci will step down in mid-October, but will remain with the company as a board member.

There will be fewer future buyers of practices, leaving the next generation of solos who want to retire perhaps unable to find a suitable buyer.

An obscure retirement and estate planning technique holds added benefits amid tighter rules on inherited IRAs.

How long recessions last; what superstars want; moving toward advisory; and other highlights from our favorite tax bloggers.

Regardless of whether they have reached retirement age, owners must identify the “why” of exiting their business as a first step. Transitions are often entwined with personal relationships, finances and emotions.

When the tax agency said annual withdrawals would be required before an account is drained by year 10, it created a firestorm. Here's what's happening now.

The service’s Employee Plans function is pilot-testing a new pre-examination program starting this month as a way to shorten the time needed for exams.

What to change; cash flow forecasting; the sales tax paradox; and other highlights from our favorite tax bloggers.

Think you’ve locked in your high exemption from gift and estate taxes? The agency suggests a rethink.

Accountants who guide business owners through the exit-planning process can not only deepen their relationships, but also create new revenue streams.

Potentially tens of thousands of clients were stuck with significant tax bills this year because of a change the firm made to its target-date funds, according to a class-action lawsuit.

Advisors tend to avoid clients' tax issues when they involve the IRS. It's a missed opportunity to add value.

The House overwhelmingly passed legislation that would expand the tax benefits for retirement accounts to bolster the savings of Americans.

Ending tax-free wealth transfers through the longstanding step-up in basis loophole is among the proposals.

New rules from the IRS around required minimum distributions address changes from the SECURE Act.