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.

Canadians who emigrate to the United States or elsewhere face many decisions and considerations associated with departure, but careful tax ...

Transferring a home to your children can offer them divorce, creditor and tax protections as well as provide a mechanism for managing the property.

Investors who hold assets in taxable accounts—as opposed to tax-favored retirement accounts such as IRAs or 401(k)s—are ...

The same rules apply if this gift is going to a child ... original purchase value into account for tax purposes. When you inherit stock, its cost basis is the stock’s market value at the ...

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

Gifts to children can come with tax strings. To keep your child's gift growing and avoid tax bills for yourself along the way, consider this long-term strategy.

Clients can donate both permanent life insurance (including whole life and universal life) and term life insurance to charity, but the donation options differ.

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business. Unfortunately, time and time again, a patriarch’s plans to pass his legacy ...

The beginning of each year is a great time to start next year’s tax planning. One area to help reduce your tax obligation, that benefits from an early in ...

Decades ago, I inherited a valuable piece of art, and I’m now considering selling it to finance a grandchild’s graduate degree that will cost $80,000. What do I need to consider in regard to taxes? Do ...

Keeping more of your money in retirement is paramount, and tax time provides ways to protect and maximize your nest egg. Here ...