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 ...

Tax season can feel overwhelming, especially for baby boomers who may be navigating retirement plans, investment portfolios ...

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

With growing political pressure to curtail benefits for non-citizens, estate planning tools like the QDOT may be vulnerable ...

Helping a child buy a home without triggering Gift Taxes can be a daunting task without some strategic planning.

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

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...

The author writes "This year, estate planning practitioners have significant opportunities for estate tax savings for our high-net-worth clients. Time is critical though, and there are some traps for ...

For trusts and estates professionals, the big question is what will happen to the estate tax exemption with President Donald ...

They are excluded from your taxable estate, but if the contribution is more than $18,000 a year, it could be subject to the gift tax. States typically set contribution limits per beneficiary ...

A high property tax bill has been the stumbling block to getting the 3.7-acre property sold, according to the listing agent, ...