Social Media Ideas for Gift Tax Return

The Gift Has Changed Hands-But Has Its Tax History Also Changed?

The Gift Has Changed Hands-But Has Its Tax History Also Changed?     Last week, I shared an interesting conversation over my morning cup of tea with a relative whose nephew was pro...

Gift Tax: The Tax Implications of Supporting Adult Children

Do you currently have adult children who are not your dependents living under your roof? If you are supporting adult children, or […] The post Gift Tax: The Tax Implications of Sup...

How grieving families paid £315m in tax on gifts in just one year

Grieving families were forced to pay a record £315 million tax in a single year on gifts that their loved ones made to them towards the end of their lives.

Rush Gift Tax Appraisal Services Now Available Ahead of the October 15 Filing Deadline

What Is IRS Form 1041: U.S. Income Tax Return for Estates and Trusts

Updated for tax year 2026. As the baby boomer generation ages, more taxpayers are handling estate and trust taxes for the first […] The post What Is IRS Form 1041: U.S. Income Tax...

Gifting out of income – The overlooked way to reduce Inheritance Tax

For many people, giving financial support to family members is an important part of their financial planning. Whether it is helping children with pension contributions or providing...

Belated Form 10B Cannot Defeat Charitable Exemption Under Section 11

Belated Form 10B Cannot Defeat Charitable Exemption Under Section 11     ITAT Holds That Audit Report Filing Is Procedural When the Report Is Furnished Before Processing of the Ret...

5 Tax-Efficient Ways to Pass on Wealth in India: A Framework

Gifts to specified relatives are fully tax-free under Section 56(2)(vii). Here are 5 methods – from nomination to private trust – ranked by simplicity and when each one fits.

Inherited Property: A Gift of Wealth or a Bundle of Tax Questions?

Inherited Property: A Gift of Wealth or a Bundle of Tax Questions?     There are some things in life that come without a purchase bill. A parent’s blessings, family photographs, ol...

IRS Grants Filing Extension to Opt Out of GST Tax Allocation

The taxpayer acted in good faith and reasonably relied on advisors.

We gifted our house to our daughters - will they still face IHT bill and should I take ownership back?

My husband and I transferred ownership of our house to our daughters in 2012. My husband died but I still live in the house.

If you give to charity from your IRA, don’t ignore this new box on your tax form

You made a qualified charitable distribution from your IRA sometime this year. Maybe it went to your church, maybe your old university, maybe the food bank down the street. You kno...

Treasury Finalizes Updated User Fee for Estate Tax Closing Letters: A Technical Analysis for Tax Practitioners

Treasury Decision 10055, RIN 1545-BS10, Sept. 25, 2026 The Department of the Treasury and the Internal Revenue Service (IRS) have issued Final Regulations (Treasury Decision 1...

When is a gift exempt from Inheritance Tax? The seven-year rule explained

According to recent research, the amount of Inheritance Tax (IHT) paid on gifts rose by £13 million when compared to the previous year. Many people incorporate lifetime gifts to lo...