Exclusive-US billionaire leads swap plan to buy Lukoil's overseas assets, sources say 

For financial advisors with clients who own second homes in New York City, the city’s new pied-à-terre tax is turning a once-simple real estate holding into a broader planning question. For some, it could mean reconsidering how the property is owned or used, and the factors to consider could apply to other locations with similar…

A pair of congressmen have introduced legislation to help prevent the submission of fraudulent tax returns to the Internal Revenue Service before they’re filed by requiring tax software to verify that Electronic Filing Identification Numbers are active and authorized before e-file functionality is enabled.  Processing Content The bipartisan bill, known as the EFIN Verification Act…

Key Takeaways A new Goldman Sachs study found that high income does not guarantee financial security. It showed that more than a third of households making over $300,000 said they were living paycheck to paycheck. Workers making $100,000 to $300,000 reported less strain than both lower-income earners and those making above $300,000. Even America’s highest…

Christina Ho speaking at an AICPA conference when she was a member of the PCAOB Christina Ho, a former member of the Public Company Accounting Oversight Board who is now chief assurance officer at the auditing and technology firm Oath Verified, believes the PCAOB and the American Institute of CPAs should be hearing more from…

The installment-payments platform Affirm Holdings Inc. and online commerce service Shopify late Thursday announced they have expanded their 5-year-old collaboration, Shop Pay Installments, to Australia. The service, which lets consumers use the Shop Pay button to check out on e-commerce sites and then pay over time with Affirm, is active in the U.S, the U.K.,…