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

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

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 ...

When it comes to donating stocks, the key to maximizing the tax advantages comes down to whether or not your investment is ...

A lot of ship leasing currently happens from places like Singapore where the flagging regulations are liberal, said Chakra.

Leading foreign financial institutions such as Goldman Sachs, Morgan Stanley, and UBS are set to benefit from relaxations ...

The Treasury Department has also eliminated the option of buying as much as $5,000 in extra inflation bonds, beyond the ...

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 ...

My brother and I want to do the right thing for our younger brother and give him an equal share from our inheritance. I know most states don’t have inheritance taxes, but since he won’t technically be ...

The inheritance tax seven-year rule is “under threat” in Rachel Reeves’s Spring Statement, wealth advisers have warned.

The Form 1099-K is meant to report income from payment apps (like Venmo or Paypal), as well as from online marketplaces or ...