Tax

"It defies belief that Epstein's tax advice was worth the vast sums of money Black paid him," said Sen. Ron Wyden. A law firm commissioned by Apollo, however, said the advice saved Black as much as $2 billion.

While donating stock is a clear win for clients to avoid capital gains taxes, gifts of property require a qualified appraisal to get a deduction.

The changes will allow only new accounts with $10 million or more to participate in a popular, but risky, strategy aimed at lowering clients' tax burdens.

The proposed investment rules for Section 530A accounts, also known as Trump accounts, limit choices, and advisors say that could make decisions easier.

Borrowing against art can offer liquidity without triggering capital gains, but high costs keep it from becoming a first-choice strategy.

The difference between bleeding a third of gains to taxes and being able to keep compounding isn't luck or a secret loophole. It's structure.

The 2025 tax law changed the factors involved in the decision to convert a traditional IRA to a Roth.

The OZ tax benefit for capital gains will still apply in 2027, but the original rule has an advantage worth weighing.

Some financial advisors are becoming enrolled agents in order to provide tax advice, helping to enhance relationships with clients.

As clients consider when to claim Social Security, an advisor proposed a strategy to maximize tax-free retirement income using certain benefits and senior deductions.

As wealth tax proposals pop up around the country, advisors guide clients through assessing how these factors change the equation of financial planning.

Two experts in mergers and M&A sales explained how and why RIA owners need to clean up their data, get a formal valuation and figure out other technical questions before they make a succession deal.

Under the proposed regulations, funds can only be invested in eligible investments beginning when the account is established until the beneficiary turns 17.

With recent changes to tax law, non-grantor trusts have become attractive vehicles for gaining tax efficiencies, such as when making charitable contributions.

The Democratic lawmaker proposed that the government should lend money to billionaires with large paper fortunes to help them pay wealth taxes.

The rollout of New York's pied-à-terre tax can proceed for now after an appeals court temporarily put a hold on a Staten Island judge's order blocking the plan.

The White House is considering throwing its weight behind a push to increase a capital gains tax exemption for primary home sales.

Altruist has earned legions of fans among financial advisors for sleek technology and low, clear fees. But its critics question whether that is enough to catch up to the giants that have dominated the business for decades.

The Internal Revenue Service and the Treasury Department offered guidance on rollovers between retirement plans and individual retirement accounts.

Roy Swan of the Ford Foundation said the simplest implication of his new book may be a nudge toward donor-advised funds. But he argues for a deeper examination of popular assumptions around figures like Adam Smith and Milton Friedman.