Inheritance taxes are imposed on items left to an individual by someone deceased. The tax rate to be paid varies depending on ...

Strategic use of gifting disbursements before one's demise can help to ensure the maximum amount of bequests to one's heirs ...

It is becoming increasingly commonplace for people to enter long-term romantic relationships without legally marrying. While there are no ...

If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign ...

You can save yourself money and should be able to complete your tax return fairly quickly using basic tax software or the ...

The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 ...

Inheritance tax (IHT) advice is a key part of legal practice for some solicitors because of its relevance to wills, probate and trust advice. It’s gone through several changes since it was introduced ...

If you are filing a paper tax return, you will need to contact HMRC so they can provide you with the correct forms. You can phone them on 0300 200 3610, or +44 161 930 8331 if you are outside the UK.

You will then have until Oct. 15, 2025, to submit your completed return but you'll still need to make an estimated payment by Tax Day. To request an extension, file IRS Form 4868. You can also ...

The Internal Revenue Service’s free tax-filing system will get a new ability that critics say it should have had all along: automatically filling in information that the IRS already has.

If you live in a state with an inheritance tax, you might be able to gift some assets while you are still alive. In 2025, the IRS allows parents to give a person like a child $19,000 tax-free.

The UK Treasury is reaping the rewards of a record-breaking surge in inheritance tax (IHT) receipts, thanks to a prolonged freeze on tax thresholds. Families across the nation are feeling the pinch as ...