Want to get on someone’s good side? Help them out financially? Or, perhaps, just make them really happy? Give ‘em a gift! (Cash is always nice.) But if you’re in a gift-giving mood, and you have a lot ...
A single person who gives gifts of up to $19,000 each to several different recipients in a year won’t be affected by the gift tax and won’t have to file a gift tax declaration. But if you give several ...
Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. For many foreign individuals, the revelation that they could be ...
WASHINGTON, DC - APRIL 07: A small sign indicates the headquarters of the Internal Revenue Service on April 07, 2023 in Washington, DC. In the area of gift taxes, one of the fundamental principles in ...
Gifting money to relatives often raises doubts about taxability and paperwork. Today's Ask Wallet Wise query decodes how the Income Tax Act treats gifts to a spouse’s siblings.Moneycontrol's Ask ...
The Income Tax Department has recently released an updated brochure explaining the situations when monetary gifts received by individuals or Hindu Undivided Family (HUFs) will not be charged to income ...
A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach planning with the uncertain future of federal transfer tax. As the national ...
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