A key rule is that the giver is responsible for any tax, not the recipient. But most people never owe any gift tax because of ...

Learn how to make 529 plan contributions as a gift, understand the gift tax rules, and explore how to contribute efficiently ...

Q: A friend is buying his parents’ home. He is using an online lender. He doesn’t have a real estate agent, and there is no written sales contract. The lender says his parents can gift him the house ...

Year‑end planning is critical for wealthy families, in order to preserve wealth, minimize taxes, and grow wealth. Review ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

That guidance basically asks employers to use their best efforts to provide documentation; no penalties will be imposed on ...

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to ...

President Trump discussed his "no tax on tips" plan in January. The IRS has released its guidance for the "no tax on tips" ...

The IRS may grant a reasonable extension if the taxpayer provides satisfactory evidence of acting reasonably and in good ...

The 2025 gift tax exclusion allows $19,000 in tax-free gifts per person, helping high earners manage future estate taxes.

The sky did not fall after all. For all the handwringing and prognostication, wealthy families (and their advisors) breathed a sigh of relief with the passage of the One Big Beautiful Bill Act (OBBBA) ...