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

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 ...

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign gift or inheritance received).

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.

The author states "Taxpayers are always responsible for the accuracy of information reported on their tax returns. The IRS ...

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

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

Beware Republicans bearing gifts. Republicans want ... by reducing the number of IRS auditors. It seems our biggest concern in life is the fear of a tax audit. When was the last time a middle ...

Beware Republicans bearing gifts. Republicans want to make the new year a friendlier time for taxpayers by reducing the ...

The bill seeks to abolish the IRS and repeal all personal and corporate income taxes and the death tax, gift tax, and payroll tax. The proposal, spearheaded by Rep. Earl L. “Buddy” Carter (R ...