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.

Speculation is mounting that the government may charge inheritance tax on pensions and extend the seven-year gifting rule. So ...

Clients can donate both permanent life insurance (including whole life and universal life) and term life insurance to charity, but the donation options differ.

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

This ascertainable standard is frequently used by estate planners to determine how and when a trustee may make distributions, ...

GIFT City has made steady progress, with over 740 entities registered and banking assets crossing $78 billion by December ...

You can share an inheritance, but may have to notify the IRS so that you’re in compliance with gift tax rules.

Savers are ripping up and rewriting their wills in an attempt to dodge Rachel Reeves’s inheritance tax raid. Law firm Irwin ...

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 ...

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable ...

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

As the government seeks to raise an extra £2 billion through IHT increases, a crackdown by HMRC on underpayment is expected to escalate.