Imagine you have $50,000 to give to your daughter and her husband for a down payment on their new home. The question is, will ...

Tax is the source of income for the government. The government uses the money received from taxes for development in the ...

A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach ...

President Trump on Friday said he is stripping Harvard University of its tax exempt status — escalating a showdown with the ...

As long as there’s no promise, no pattern and no connection between the donation and the gift, then the IRS sees the donation ...

For example, say that you'd like to give $65,000 to your daughter and her husband. In most, but not all cases, you will not owe any taxes. In some cases, you’ll have to file some extra paperwork ...

One of the most straightforward ways to avoid inheritance tax is to consider giving away assets while you are still alive. You're allowed to gift some of your money away each year without any tax ...

Taxing the rich is a policy typically associated with Democrats. Since most voters think the wealthy don’t pay enough in taxes, that works to the party’s advantage. But Washington’s highest-ranking ...