8 tips for managing a financial windfall

8 tips for managing a financial windfall

Dec 8, 2022 | News to Note

From Forbes — By E. Napoletano, Contributor — According to a recent study by Cerulli Associates, there’s a massive transfer of wealth poised to happen in the U.S. over the next 25 years. An estimated $68 trillion will change hands, with the country’s aging population...
IRS prodded to work more on closing tax gap

IRS prodded to work more on closing tax gap

Nov 30, 2022 | News to Note

From Accounting Today — By Michael Cohn — The Internal Revenue Service (IRS) is being pushed by the Government Accountability Office to do more to close the $428 billion annual tax gap by using the extra $80 billion it’s getting over 10 years from Congress to...
Probes sought of whether Trump used IRS against critics

Probes sought of whether Trump used IRS against critics

Nov 16, 2022 | News to Note

From Accounting Today — By Michael Cohn — Democrats on the tax-writing House and Ways Means Committee are asking the Justice Department and the Treasury Inspector General for Tax Administration to investigate former President Donald Trump’s attempt to enlist the...
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