Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Tax advisers are urging wealthy Britons to consider life assurance as a way to reduce inheritance tax and help future ...

Strategic use of gifting disbursements before one's demise can help to ensure the maximum amount of bequests to one's heirs ...

Death and taxes. They are often called the only two certainties in life. Yet for countless family-held businesses, these ...

It is becoming increasingly commonplace for people to enter long-term romantic relationships without legally marrying. While there are no ...

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

A Qualifying Terminable Interest Property (QTIP) trust can be an advantageous tool for married couples to utilize as part of ...

When it comes to building an estate plan, trusts are a common tool used to manage assets, minimize taxes and set things up ...

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

US citizens residing in Europe must consider the potential for estate and inheritance tax exposure by both the European ...

Your investment account’s transfer process after death depends on how you’ve set it up – from quick transfers with proper ...

If you find out someone left you a little something in their will, chances are you won’t need to pay an inheritance tax on it. There is no federal inheritance tax, and only five states have ...