Suppose your client decides to invest in the stock of a European company that is not traded in the United States. How would he report the transactions for tax purposes?
The recession has eaten into people's nest eggs so the government is promoting ways to make it easier to save for retirement.
High-income earners are in the government's cross hairs — at both the federal and state levels — and there is little sympathy for those so targeted.
The Dana-Farber Cancer Institute of Boston and the Massachusetts chapter of the Financial Planning Association are set to ramp up their groundbreaking free financial-planning coaching service for cancer patients this fall.
As wildfires blazed through Angeles National Forest last week, advisers who had weathered other such natural disasters kept their data safe and found ways to connect with their clients.
After the headlines about the IRS' going after secret Swiss bank accounts, investors are learning to their dismay that they could face fines and prosecution for failing to report other foreign assets, such life insurance, to both the IRS and the Treasury Department.
Central United Life Insurance Co. has come out swinging against a lawsuit filed by the Missouri Department of Insurance, which accused the carrier of improperly paying claims to cancer patients.
You've probably heard it over and over again: contribute up to the maximum amount in your 401(k) plan to improve your chances of a comfortable retirement.
H&R Block Inc. said today it lost a larger-than-expected $133.6 million in the first quarter, about the same as a year ago, as acquisition expenses and other costs offset slightly higher revenues.
LPL Financial is continuing to add to its platform of retirement offerings and products for reps and advisers focused on the 401(k) market.
A South Shore, Ky.-based insurance agent this week was sentenced to five years in prison and ordered to pay almost $400,000 in fines for swindling clients in a Ponzi scheme that involved annuities.
Many taxpayers believe that they are safe from Internal Revenue Service audits after a certain number of years have passed, but as Stanley Kirk Burrell — better known as Grammy-award-winning rapper MC Hammer — can attest, that isn't always the case.
A former investment adviser who once told the Internal Revenue Service that he had “citizenship in heaven”— and not the United States — was sentenced in a federal court in Dallas yesterday to 40 months in prison for setting up a series of sham offshore investments that worked as tax dodges.
Insurers Argus Group Holdings Ltd. and Tremont International Insurance Ltd. have reached a partial settlement in a lawsuit filed by variable-annuity and variable-universal-life customers who lost money in Bernard Madoff's $65 billion Ponzi scheme, according to court documents.
Two John Hancock Life Insurance affiliates have received regulatory approval in Massachusetts to merge into another company entity.
Shares of MetLife Inc. slipped today after a Raymond James analyst downgraded the insurer, citing the company's overvalued stock price.
Insurance companies said yesterday it was too soon to determine how much they would have to pay for claims from wildfires that have already burned more than 80 homes in California and threatened thousands more.
Total sales of life insurance plummeted during the second quarter, falling 20% from a year earlier, according to a report from LIMRA International.
Overall sales of fixed annuities hit $27.8 billion during the second quarter, up 10% from a year earlier but down 20% from the first quarter this year, according to data from Beacon Research Publications Inc.
Attorney General Richard Blumenthal says he's investigating whether any Connecticut residents are illegally evading taxes through offshore accounts.
