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.

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 ...

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

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

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

Finance Minister Nirmala Sitharaman announced in Budget 2025 the relaxation of conditions for making any two houses self-occupied properties in income tax rules. As per the announcement made in the ...

He paid $750 in taxes ... basis. The Times also questioned whether the total paid to attorneys included fees that weren't directly related to business operations. This could run afoul of IRS rules ...

Telegraph Money reveals the tax benefits and financial rewards (and ... and thus under intestacy rules unmarried partners may not be entitled to any of it. “If you are in retirement and your ...

With the IHT rules rumoured ... inheritance-tax free, as long as you live seven years after doing so. This seven-year rule is commonly used by parents and grandparents to gift money to children ...

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 ...

Key findings from the Vertex 2024 End-of-Year Sales Tax Rates and Rules Report include: Global Trends to Watch In 2024, over 75 countries, including the U.S., held elections, paving the way for ...