Yet rich parents often want to give more. Here are the (sometimes barely legal) ways they get it done. A trust distributes ...

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

Strategic use of gifting disbursements before one's demise can help to ensure the maximum amount of bequests to one's heirs ...

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 ...

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 ...

Nobody likes learning about unexpected tax liabilities at the last minute, but paying with cash isn’t your only option.

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

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

Yet rich parents often want to give more. Here are the (sometimes barely legal) ways they get it done. A trust distributes parents’ assets to a child according to conditions they set, and it can give ...