A former UBS AG client was indicted by a federal grand jury on a charge that he defrauded the U.S. by hiding assets from the U.S. Internal Revenue Service.
Class warfare is likely to be a major theme of the 2012 election, with bottom-line consequences for financial advisers' affluent clients.
Analysis of Newt Gingrich's tax plan would cut taxes for 70% of households and reduce rates for the highest earners compared with what they pay now.
The Internal Revenue Service is reducing spending in anticipation of budget cuts for this fiscal year, commissioner Douglas Shulman wrote in a letter to lawmakers last week
Financial advisers hear the growing national buzz that the wealthy should be paying more in taxes, and many are prepping clients for the possibility that they soon will be forking over more to Uncle Sam.
Tax proposals from the Republican presidential candidates favor one group
When your name is Warren E. Buffett, just about anything you say or do is going to draw attention.
Knowing when to apply for benefits can greatly alter what you get
Fifty-five million Social Security beneficiaries can look forward to a 3.6% cost-of-living adjustment in 2012.
More than 70% agree that wealthy should kick in more, but half say they're not wealthy
New Jersey's wealthy saying goodbye to on-demand garbage pick up, hello to higher property taxes
Advisers say mortgage interest deduction makes for an easy target for politicians; could hurt middle class more than rich, though
Lawmakers considering tax reforms turned their focus last week to the implications that changes could have on financial products.
Uncertainty about what Congress does in 2012 confounding clients, tax planners; 'lot of unhappy people'
Even with reforms, advisers could sally forth with new schemes
President Barack Obama's plan to cut the budget deficit repeats his call for curbing the tax exemption on municipal bonds and would give states a break on unemployment debts owed the federal government
The failure of the deficit reduction supercommittee last week all but guarantees that the gridlock over tax reform, including the Bush-era tax cuts, will continue beyond next year's presidential election
President Barack Obama today signed into law a bill that would kill a withholding tax on government contractors even before it was levied for the first time.
