Managers of Wealth Americas

Tax Rules, Gifting And Inheritances Top Concerns Of Ultra-Rich, Attorney Says

The inheriting generation is also pushing more benefactors to pass on inheritances before the first generation dies.

Switzerland and United States agree on mutual exchange of financial account data

Implementation of the FATCA agreement requires national law to be amended.

Billionaire Tax Rejected by US Causes Split Ahead of G-7 Meeting

The United States has pushed back on a global minimum wealth tax on billionaires.

Fairness, Transparency, and Enforcement: FACT’s Principles for Taxing U.S. Multinational Corporations After 2025

To preserve popular tax cuts for low and middle-class earners, Congress will look to offset with other revenue sources, including improvements to how multinational corporations are taxed.

Bank of America appeals IRS win in $163 mln bank merger tax fight

The bank sued the IRS in North Carolina federal court in 2017, claiming it was owed tax-related interest related to a series of mergers.

The Federal Government Offers To Wipe Out Your Tax Debt Through New IRS Fresh Start Program

The IRS now has more flexibility when analyzing a taxpayer’s ability to pay back taxes.

Citi's new global head of STIRT trading is calling for a wealth tax

Citi didn't respond to a request to comment on Singal's new role or on his calls for higher taxation.

RSM Recognized for Family Office Technology by Accounting Today

The platform FamilySight is among only 21 products featured in Accounting Today’s 2024 Top New Products list where it earned an honorable mention.

FASB improves income tax disclosures

The existing disclosure requirements in ASC 740 distinguish between public and nonpublic entities in several different respects, utilizing a definition of “public entity” described in ASC 740-10-20 that is specific only to this Topic.

Early preparation may help taxpayers glide through tax season

A lot can happen in a year’s time that may impact income tax filing.

International families in California – beware of the tax implications of community property

The equal ownership rule means that any assets your partner owns (for instance, a property owned in their name and not yours) are considered to be 50% owned by you

Andersen Adds New San Diego Office, Expands Southern California Footprint

The move comes after the professionals from Reibman, a leading San Diego-based tax compliance and planning firm, joined Andersen.

How Much Do I Have to Make to File Taxes?

It’s crucial when filing to understand what status you fall under.

The IRS just announced the new tax brackets. Here's how to see yours.

The IRS adjusts tax brackets annually — as well as many other provisions, such as retirement fund contribution limits — to counter the impact of inflation.

Temporary Tax Plan Could Boost Your Standard Deduction By Up to $4,000

"The vast, vast majority of my constituents use the standard deduction on their taxes every year," said Rep. Carol Miller

How The Rich (Legally) Avoid Paying Savings Account Taxes

The conventional savings accounts offered by most banks and credit unions and some other financial institutions, including online banks, are ideal for saving money for short-term needs.

Raymond James Selects J.P. Morgan Asset Management's 55ip

55ip delivers custom, tax-smart investing at scale.

Grant Thornton achieves record revenues of $2.4 billion in FY 2023

When adjusted for this divestiture, Grant Thornton's year-over-year revenues grew 11.6%, on a pro-forma basis.

Why you should worry about new super tax – even with less than $3m

These two worked examples show how the taxing of unrealised capital gains can have unintended consequences.

Al Bernikow, former deputy CEO of Deloitte & Touche, dies at 82

He was also a member of Deloitte & Touche’s executive management committee and served as an advisory partner to numerous large clients.