Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

GST exemption also makes vouchers more appealing to consumers, who can redeem them without the worry of extra taxes, ...

The budget has created a tax arbitrage for non-resident Indians (NRIs) investing in unit-linked insurance plans (Ulips) ...

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

A key federal estate, gift and generation-skipping transfer tax exemption included in the Tax Cuts and Jobs Act (“TCJA”) is ...

Gifting is a heartfelt way to express love and affection towards our dear ones. In 1958 by Parliament of India, the gift tax ...

Inheritance tax receipts are on the rise and experts have warned that gifting money to loved ones could have implications for ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Governor Gretchen Whitmer’s road funding plan would take a tire iron to Michigan’s legal cannabis industry. The plan outlines ...

Nevertheless, the fundamental principle of paying as little in estate taxes as legally permitted is still an imperative for many families. However, the IRS also imposes Gift Taxes on transfer of ...

The government clarifies: "Any Inheritance Tax due on gifts is typically paid by the estate, unless you give away more than ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...