Most people won’t owe gift tax in 2025 or 2026. Learn the annual limits, lifetime exemption, when Form 709 is required, and how to give tax-free.

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 give your son and daughter-in-law each $17,000 without having to deal with ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. IRS new Form 708 enforces a 40% transfer tax on U.S. recipients ...

Many settlement agreements don't say anything about tax forms. Yet many defendants issue a Form 1099 to the plaintiff, and a ...

The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

Two weeks ago, I celebrated my birthday, and because my birthday is only two days after Christmas, I seldom receive gifts — this year was not much different. I was, however, treated by my wife to ...

Businesses can begin filing tax returns electronically next week, the IRS said Tuesday. Acceptance of returns will begin Tuesday, Jan. 13 at 9 a.m. ET, the IRS said in an alert. Starting Jan. 18, five ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

Following his desperate and failed bid to save his sinking mayoral campaign by cozying up to the current presidential administration — and just months after denouncing trans students using city public ...

The Nobel Foundation, the group responsible for administrating the various Nobel prizes, on Sunday issued a clarification around the rules for handing out the prizes after Venezuela's opposition ...

Posts from this author will be added to your daily email digest and your homepage feed. is a senior reporter and author of the Optimizer newsletter. She has more than 13 years of experience reporting ...