40% Transfer Tax: IRS Final Say On Foreign Gifts, Bequests From ‘Covered Expatriates’
U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.
3 Best Money Moves Boomers Should Make This Tax Season
Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios ...
JD Supra7d
Breaking Down the IRS's 2025 Inflation Adjustments for Estate and Gift Planning
The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...
Giving or Receiving a Down Payment Gift? Here Are the Tax Consequences
Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...
Liz Weston: Youngest brother was left out of aunt’s will. How much can we share with him without tax penalty?
My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know most states don’t have inheritance taxes, but since he won’t technically be ...