U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.

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 ...

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can give your son and daughter-in-law each $17,000 without having to deal with ...

Key Points The gift tax is an onerous IRS excuse to confiscate a portion of funds that people may wish to give to immediate ...

The author states "Taxpayers are always responsible for the accuracy of information reported on their tax returns. The IRS ...

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign gift or inheritance received).

Beware Republicans bearing gifts. Republicans want ... by reducing the number of IRS auditors. It seems our biggest concern in life is the fear of a tax audit. When was the last time a middle ...

The IRS has introduced significant changes affecting millions of taxpayers using payment apps like Venmo, Cash App, and ...

Taxpayers should give consideration to the form in which they make charitable donations. They might deliver more benefits to ...