Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

The IRS has increased the 2026 annual gift tax exclusion to $19,000 per recipient, or $38,000 for couples using gift splitting, alongside a lifetime estate and gift tax exemption of $13.99 million.

The beginning of a new year means new estate and gift tax figures from the IRS! While there has been much uncertainty over the last few years regarding the estate and gift tax exemptions post-2025, ...

As U.S. living costs rise, many Americans borrow from family, but these loans often go unpaid and risk being taxed as gifts.

Paying off a parent’s mortgage as a gift can bring relief and stability to someone you care about, but the process may feel overwhelming at first. You might wonder how the IRS views mortgage payments ...

With 2025 drawing to a close, the tax landscape looks very different from where we stood just 12 months ago. The passage of the One Big Beautiful Bill Act (OBBBA) has rewritten several key components ...

'We do not see eye to eye on using paper checks' "My husband and I do not see eye to eye on using a paper checkbook, but that's a story for another day." (Photo subjects are models.) Dear Quentin, My ...

Late-filed Form 3520 foreign gift disclosures can trigger massive IRS penalties even though no tax is owed. Zhang gives IRS a ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. IRS new Form 708 enforces a 40% transfer tax on U.S. recipients ...