" [I]f a person holds property at death, it will receive a new basis equal to the fair market value of the property at the ...

When someone passes away, and leaves their belongings to others, an inheritance tax may apply. In a nutshell, inheritance tax is typically paid by the heirs or beneficiaries who receive the assets, as ...

The IRS has quietly altered regulations affecting how inheritances passed to children are taxed, potentially leading to ...

Making regular gifts from surplus income is a highly effective way to pass wealth to family, free of inheritance tax.

No one looks forward to paying taxes and earning more means paying more taxes. That being said, there are some types of income that even the IRS can’t touch. Read on to find out more about what’s in ...