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

If ULIPs and other policies are purchased from GIFT city International Financial Services Centre (IFSC) registered insurance ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

However, they are not responsible for taxes on distributed cost basis or principal. Irrevocable trusts allow amounts to be contributed annually without being subject to gift taxes. Also ...

All products are independently selected by our editors. If you buy something, we may earn an affiliate commission. You may think you know your spouse well enough to not be Googling “the best ...

Analysis: The first place to go if you're claiming tax credits, filing a return or simply checking your tax position is Revenue's own website In a world where tax compliance often feels daunting ...

Donald Trump says a recently agreed global minimum corporation tax scheme unfairly gave the OECD power over US policy - Saul Loeb/AFP ...

It’s been a long wait. The regulations clarify (to a certain extent) the tax implications for U.S. persons receiving certain gifts and bequests from former U.S. citizens and long-term resident ...

If donating the car, make sure you research and follow proper tax procedures to take a deduction on the gift, if desired. The process of transferring ownership when gifting a car is similar to ...

The IRS issued final regulations (T.D. 10027) regarding taxpayers who must pay taxes on gifts or bequests that they receive from certain individuals who gave up their U.S. citizenship or residency.

The federal estate and gift tax exemption changes from year to year. The current combined federal estate and gift tax exemption amount of $13.99 million per person ($27.98 million per married ...