As a dividend-focused investor, I've always wondered why more investors don't focus on collecting income. They instead flee towards growth investing. For me, income investing is a simple and effective ...

'My husband, daughter, son-in-law and I all went to the bank' "Do I need to fill out a Form 709 for this on my taxes this year?" (Photo subject is a model.) Dear Quentin, Last year, I told my daughter ...

Businesses can begin filing tax returns electronically next week, the IRS said Tuesday. Acceptance of returns will begin Tuesday, Jan. 13 at 9 a.m. ET, the IRS said in an alert. Starting Jan. 18, five ...

A:The amount that each person can give away during life or at death will increase from $13,990,000 to $15,000,000 as a result of the One Big Beautiful Bill Act, which was signed into law on July 4, ...

Newborns can look forward to the promised Trump accounts in the new year, but if parents, grandparents, friends or relatives plan to contribute, they can look forward to a tax headache, experts said.

According to a report by the Washington Post, the issue stems from an oversight in the “One Big Beautiful Bill” law passed this summer. The core problem is technical but severe. Under current IRS ...

Married couples may elect gift splitting for combined amounts of $36,000 in 2024 and $38,000 in 2025 per recipient. For larger transfers, the lifetime gift and estate tax exemption stands at 13.61 ...

Sample #1: Answer: B) Canceled debts as gifts, since they aren’t taxable income. Explanation: When a debt is canceled as a gift, it is excluded from taxable income because gifts are not subject to ...

Can you imagine running an online store without being able to contact your customers or process their payments? Most of the time, collecting this crucial data is relatively seamless through a simple ...

'My husband's son said he doesn't want any part of the IRAs or the insurance policies' "We found the policies, but it appears he stopped paying on them a few months before he passed away." (Photo ...

Preparing for the enrolled agent exam can be a challenging yet rewarding journey for aspiring tax professionals. If you want to do it the right way, you’re in the right place! After all, practice ...