What the updates to the Gift Tax Annual Exclusion, Unified Credit Amount and GST Tax Exemption may mean for clients.

For many Americans, offering a $60,000 gift to pay for a child’s wedding probably isn’t something to worry about from a tax ...

Usually, the client misunderstands the tax and believes that if they exceed that level in one year they will be taxed. That ...

"Can I Gift Crypto Tax Free? It depends on your country’s tax laws; many places may require reporting crypto gifts for ...

This tax season, you may receive IRS tax form 1099-K if you worked a freelance ... Personal transactions involving gifts, favors or reimbursements are not considered taxable.

The Treasury Department and IRS finalized rules Friday detailing how US citizens and residents will be taxed when they receive gifts from certain expatriates. The final regulations (TD 10027, RIN 1545 ...

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A W-4 is a form you're required to fill out when you work directly for an employer. It tells your employer how much federal income tax should be withheld from your paycheck, based on factors ...

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It’s a little more complicated than that though, so read on to learn just how the gift tax works. The gift tax is a hybrid tax on gifts and other transfers. It partially overlaps with the estate ...