The federal gift tax is intended to prevent taxpayers from disposing of their assets tax-free during their lifetime, which would prevent their assets from being subject to tax on death....
Don't worry about gift tax if you've recently received a sizable gift from your mom and dad. The IRS generally holds the donor responsible for taxes. Except the person is donating...
Taxes are probably not the first thing you’ll think about when someone you love dies. It’s a heartbreaking event in our lives that we will never be able to handle easily....
As long as you repay such a loan fully, there is no need for income taxes on a personal loan. However, the forgiveness of any part of the loan or paying the loan for a lesser amount...
Presenting gifts to your loved ones is quite common as it shows that you care for them. Some people are concerned about the gift taxes which you have to pay if you receive a gift from...
Same sex marriage is one of the hottest issue for years now. People are fighting for equal rights and protection, fighting for social recognition and to make relationships legal. Civil...