Wealth management

The guidance says some deductions of estates and non-grantor trusts are not considered to be miscellaneous itemized deductions.

Rich Americans are taking advantage of an unprecedented opportunity, made possible by the coronavirus pandemic, to transfer money to their children and grandchildren tax-free.

Just before the coronavirus roiled the economy, wealthy investors piled into funds that take advantage of a popular, two-year-old tax break meant to help poor communities.

Difficult times hold up a mirror to your practice. What will you see?

Now in its 14th year, the Wealth Magnet report aims to highlight the biggest CPA-financial planners.

The novel coronavirus pandemic is causing the biggest drop in Americans’ financial situation in over a decade.

The charitable partner of the Illinois CPA Society is providing 16 laptops to local accounting students who are in need of technology at home following school closures.

The financial planning or wealth management business is still evolving into a profession that can be broadly respected and somewhat consistent from practice to practice.

The Internal Revenue Service is postponing the date for filing gift tax and generation-skipping transfer tax returns and making payments until July 15 because of the novel coronavirus pandemic.

The coronavirus has made it necessary for white collar professionals to work remotely and for all to practice social distancing. Being away from the office doesn’t cancel paying it forward. Here are a few things CPAs can do.