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

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 ...

FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 ...

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

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.

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

Gift remittances are allowed under FEMA, and there are no specific restrictions on transferring money from an NRI’s foreign ...

Gov. Janet Mills has warned against such broad-based tax reforms and Republicans have already vowed to oppose any tax ...

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

Gifts of up to €3,000 may be tax exempt but they will still be assessed as savings under the Fair Deal nursing home support ...

“Now, there will be no income tax on income up to Rs 12.75 lakh as the standard deduction benefit of Rs 75,000 is available to the salaried class,” he said.