Under the new tax regime, as per Section 115BAC, taxpayers are required to forego many of the deductions available under the ...

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

Finance Act, the government extended the "Specified Fund" tax regime to retail schemes in IFSC, subject to prescribed ...

A key federal estate, gift and generation-skipping transfer tax exemption included in the Tax Cuts and Jobs Act (“TCJA”) is ...

Gifting is a heartfelt way to express love and affection towards our dear ones. In 1958 by Parliament of India, the gift tax ...

The budget has created a tax arbitrage for non-resident Indians (NRIs) investing in unit-linked insurance plans (Ulips) ...

Don’t wait for the tax season to be in full swing—start working on your U.S. expat tax return now and get a head start.

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

Robert Powell: The Tax Cuts and Jobs Act was enacted in 2017 and was scheduled to sunset after 2025, but who knows in the wake of the federal election. Here to talk with me about this is Noah Harden, ...

Inheritance tax receipts are on the rise and experts have warned that gifting money to loved ones could have implications for ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Nevertheless, the fundamental principle of paying as little in estate taxes as legally permitted is still an imperative for many families. However, the IRS also imposes Gift Taxes on transfer of ...