IRS Form 708 is here. 40% Tax on Gifts & Bequests from Covered Expatriates (former citizens and green card holders). Transfer ...

How much money can I give to my son and daughter-in-law without incurring a tax issue with the IRS? -Irwin For 2023, you can ...

Most people would be thrilled to have a home in their lap at a steep discount. For some Gen Zs and millennials, that’s ...

They’re also unlikely to owe capital gains on the sale portion, as any gain should fall below the $500,000 exclusion for ...

It is very rare for an ordinary household to owe money on gifts. The gift tax has a somewhat complicated two-tier structure.

What is a grandparent-owned 529 college savings plan? How do they work? What do you need to know about them and what changes should you know about? A grandparent-owned 529 plan is a type of 529 ...

Dear Quentin, Last year, I told my daughter and her husband that I would pay off their mortgage if they got it under $76,000.

The IRS has issued new guidance on bonus depreciation, which was made permanent under the One Big Beautiful Bill Act. Here’s ...

Corporate tax without the corporation. An LLC allows a business to be taxed as a corporation without the hassles of a corporation’s business structure. LLCs are generally less expensive to operate, ...

Exceeds fourth quarter and fiscal year revenue guidance Delivers record cash flow from operations of $807 million and adjusted free cash flow of ...

Gilbert Gee and Annie Ro depict systemic racism as the hidden base of an iceberg 10 (see illustration in online appendix exhibit 1). 11 The iceberg’s visible part represents the overt racism that ...