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

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 ...

After a younger brother is left out of an aunt's will, his siblings want to share the money they inherited, but wonder if ...

There are fears Rachel Reeves will change the rules that allow people to give away some of their wealth seven years before death ...

More wealthy Britons are gifting their money to family members, according to tax advisors, following concerns that Rachel ...

Underthe seven-year rule, individuals are able to pass down money or assets either tax-free or at a reduced rate if they ...

The IRS has released new inflation-adjusted figures that can impact your estate and gift planning. These numbers seem like a ...

The author states "Taxpayers are always responsible for the accuracy of information reported on their tax returns. The IRS ...

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

In a recent Editorial, Crain's asks if Chicago can afford to grant such tax breaks, but that’s the wrong question, writes Ald ...

Inheritance tax (IHT) takings soared to £6.8billion in the eight months from April to December 2024, new figures show. This ...

Taxpayers should give consideration to the form in which they make charitable donations. They might deliver more benefits to ...