Wealth management

The Internal Revenue Service has released draft instructions for Form 8960, the Net Investment Income Tax that was mandated as part of the Affordable Care Act.

Many years ago my boss, Bernard D. Kleinman, had a client that was a creative genius in the advertising industry, and was being courted by many other firms. He liked his job, position and respect and had no desire or thoughts of leaving. But, as a gentleman, he listened to whoever approached him.

Lyle Benson, founder of L.K. Benson & Co. and chairman of the AICPA's PFP Section, discusses how some of the tax changes in the past year could affect a client's financial planning this year, in an interview with Accounting Today editor-in-chief Daniel Hood.

Capital markets executives at leading investment banks are projecting continued growth in initial public offerings on U.S. exchanges in 2014, according to a new survey by accounting and consulting firm BDO USA that projects $66 billion in IPO proceeds on U.S. exchanges this year.

Congress dangled an incentive for high-income Americans to convert their tax-deferred individual retirement accounts into post-tax plans. Their response was overwhelming.

Democrats in Congress plan to renew their efforts next week to extend the Emergency Unemployment Compensation program that expired on December 28.

The Internal Revenue Service has issued a revenue procedure providing a safe harbor to those who invest in renovations of historic commercial buildings, addressing concerns stemming from a 2012 appeals court decision that upset users of historic tax credits, or rehabilitation credits.

A recent ruling by the U.S. Tax Court holds a costly reminder about the consequences of making inappropriate transactions within a client’s IRA.

The leading firms in wealth management carefully strategize their success.

A roundup of financial planning news from the previous month

While financial independence and what you need to do in order to maintain independence is clearly important, it isn't the only thing.

Among the nation’s billionaires, one of the most sought-after pieces of real estate right now is a quiet storefront in Sioux Falls, South Dakota.

The Internal Revenue Service is urging individuals and businesses that are making contributions to charity to keep in mind several important tax law provisions that have taken effect in recent years. Accountants can pass along the advice to their clients who are making charitable contributions that they can claim on their taxes next year.

Beginning on January 1, the Internal Revenue Service plans to limit the number of e-file signature authorization documents for filing Form 1041 estate and trust tax returns to a single 1041 return rather than multiple returns.

The Securities and Exchange Commission has voted to propose rules aimed at increasing access to capital for smaller companies.

Switzerland’s 300 banks have enlisted an army of auditors, lawyers and in-house workers as they race to meet a Dec. 31 deadline on whether to seek U.S. amnesty for helping American clients evade taxes.

“It’s never too late for tax planning,” a wise CPA once told me. “You’ve got till the ball drops to take action, and if you do it later than that, then you’ve got an early start for next year.”

U.S. banking industry groups are pressing regulators to clarify accounting for certain securities under the Volcker Rule after lenders complained the Dodd-Frank Act measure may force them to take writedowns.

The Internal Revenue Service has issued guidance on in-plan Roth Individual Retirement Account rollovers, that is, rollovers within a retirement plan to designated Roth IRAs in the same plan.

The popularity of the shelter, known as the Walton grantor retained annuity trust, or GRAT, shows how easy it is for the wealthy to bypass estate and gift taxes.