Estate & gift tax generally is the matter of federal government. It is on the property transfer from one person to second person. It might happen either at the death (the estate...
Every person has to die one day and same is the case with the death of a spouse, it has to happen one day. No one plans or knows when the death will occur and when the time of death...
After death of a person, the administrator and executor of a deceased person should deal with their property and money. They have to pay debts and taxes of a dead person. The executor...
US tax rules and regulations keep getting complicated every year. Successive governments introduce new rules based on the party’s platform and every year there are modifications...
The following items are included in income of taxpayer for a taxation year:
Alimony or maintenance payments (s. 56(1)(b) and s. 56(1)(e))
Allowances for personal, living, or any...