More than 200 House and Senate Republicans are backing a bill to repeal the federal estate tax just as congressional ...

Republican lawmakers are working to nix the federal inheritance tax, otherwise known as the "death tax." According to Fox ...

Form 3520 is an information return, not a tax return. So, while the gift or inheritance is not taxable, the IRS must be notified of it if the reporting dollar threshold is met. Practitioners have ...

So, any tax professionals advising clients not to file the IRS Form 706 to make the portability ... the surviving spouse receives a substantial inheritance, wins the lottery, or the exemption ...

Families are often able to build up a substantial net worth through owning property, like a farm, or a small business.

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 know about a W-2 form, including when ...

Speculation is mounting that the government may charge inheritance tax on pensions and extend the seven-year gifting rule. So ...

Robert W. Wood is a tax lawyer focusing on taxes and litigation. Closeup of Form 1099-NEC and 1099-MISC. The IRS has reintroduced Form 1099-NEC as the new way to ... [+] report self-employment ...