U.S. recipients from former U.S. citizens or long-term residents ("covered expatriates"). IRS finalized the regulations.

Under the Income Tax Act, gifts received from specified relatives—such as parents, siblings, or spouses—are fully exempt from ...

Recently widowed, Mrs. Smith attends a notary public office to inquire about adding either one or all her adult children—Mary ...

For instance, if assets are gifted to a spouse, any income generated from those assets will be clubbed with the income of the ...

Learn the legal steps and strategies to transfer property to a family member without incurring tax liabilities. Discover more ...

Irrevocable trusts offer nearly endless possibilities for high-net-worth individuals to reduce their estate taxes and protect ...

Sars now pays closer attention to these transactions as part of its commitment to closing the tax compliance gap.

Since the "Brooklyn Stroll Club" was formed, it has grown into an online community of over 400 New York dads. "It's very ...

Since 1957, GQ has inspired men to look sharper and live smarter with its unparalleled coverage of style, culture, and beyond. From award-winning writing and photography to binge-ready videos to ...

You have received a gift at Christmas, but what happens when the generous gift crosses the threshold into taxation territory?