Under Notice 2022-44, the high-low method rates will be slightly higher and the list of high-cost localities in the continental United States is revised, both effective Oct. 1.
Personal financial planning
Practical tips could help retirees make the most of their money in a place with a substantially lower cost of living.
This express podcast episode with transcript hits the highlights of recent Journal of Accountancy news coverage of student loan debt forgiveness, an AICPA letter urging penalty relief from the IRS, and more.
The recently passed legislation ultimately will help with one of the biggest wild cards of retirement — health care planning — but immediate updates to financial plans are likely not needed.
Brianne C. Smith, a member of the AICPA Personal Finance Planning Executive Committee, discusses how she’s going beyond the headlines to help her clients maximize their savings.
Retirees need to learn to look differently at spending, taxes, and powers of attorney.
Although investing in times of high inflation can be tricky, tried-and-true principles of having a well-diversified portfolio and not panicking still hold.
A Roth IRA can serve as a backup vehicle for pursuing multiple savings goals.
Susan M. Tillery, CPA/PFS, is president and co-founder of Paraklete Financial Inc. and co-owner of Financial Planning Advocate LLC, both in Kennesaw, Ga.
CPA financial planners can help vacation rental owners to maximize profit and peace of mind and minimize surprises.
Employing children and other relatives in a family business can yield tax advantages, but there are potential drawbacks to consider.
For retirees, effective tax planning requires taking a long view and spending down assets from a variety of sources each year.
Parents pursuing an adoption can use a CPA’s advice.
Does the 4% rule still make sense? A CPA financial planner discusses how advisers can help ensure their clients can spend with flexibility throughout retirement.
Hear or read this conversation with a CBS News business analyst on top questions asked of financial planners and what role inflation and tax rates may play.
Firms and clients are both reassessing their priorities in the wake of the pandemic.
Two easy mistakes seen in retirement planning involve valuation of pensions and improper net-worth comparisons.
Make sure your decision about when to claim Social Security benefits is an informed one that takes into consideration your expected longevity along with various financial and other factors.
Legislation augmenting the SECURE Act of 2019 now goes to the Senate after passing the House.
The choice between a Roth IRA and a traditional IRA in saving for retirement depends on the person’s age, tax bracket, expected future earnings and other factors.