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 ...

It is becoming increasingly commonplace for people to enter long-term romantic relationships without legally marrying. While there are no ...

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

Canadians who emigrate to the United States or elsewhere face many decisions and considerations associated with departure, but careful tax ...

Don’t wait for the tax season to be in full swing—start working on your U.S. expat tax return now and get a head start.

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

Now that President Trump is back, he made a lot of promises about tax law that he is expected to move forward in Congress.

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

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 ...

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

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