A businessman successfully proved cash gifts from his sisters were legitimate, avoiding tax evasion charges. The Income Tax ...

The money received by you, though referred to as a donation for medical purpose, is treated as a gift under income tax laws.

The Uniform Transfers to Minors Act (UTMA) is an act that allows a minor to receive gifts such as money, real estate, and fine art without aid.

Warren Shute is a multi award-winning Chartered Financial Planner, Certified Coach, author of The Money Plan, and Sunday ...

My husband and I plan to help our daughter with some of her wedding expenses. It’s my understanding an individual can give ...

By Quentin Fottrell 'Each apartment would be priced close to $225,000' "We have $1.8 million in retirement savings." (Photo subjects are models.) Dear Quentin, My husband is in hi ...

Charitable tax deductions are about to see the biggest changes in nearly a decade in 2026 thanks to President Donald Trump ’s ...

Samuel M. DiPietro of Spencer Fane discusses unique estate planning challenges of business owners of the Baby Boom generation ...

The other plank of the tax code, the estate tax and gift tax (along with the generation-skipping transfer tax, adopted to ...

You worked hard to have a comfortable life and pass on some wealth to your heirs. Unfortunately, if not done strategically, ...

Law professor Ray Madoff’s new book, “The Second Estate,” argues that philanthropy is part of a playbook that the ...

The threshold limit of Rs 50,000 applies only to gifts received by the HUF from non-specified relatives during a financial ...