The IRS holds over $1 billion in unclaimed tax refunds, many belonging to deceased individuals. If a relative passed away ...

According to Elmwood Senator Robert Clements office, there are only five states left that collect inheritance tax; and he wants to change that.

That was just the start. Investigators also confirmed four serious injuries, 11 cases of abuse, 77 cases of neglect, four ...

The ‘seven-year rule’ has long been a cornerstone of IHT planning, allowing gifts made more than seven years before death to ...

These are your 2024 income tax return deadlines. Deadline to file and pay taxes for someone who died, if they passed between January 1 and October 31, 2024 April 30, 2025 Deadline to file and pay ...

The clock is ticking on the estate and gift tax provisions in the Tax Cuts and Jobs Act, so the sooner you act on removing ...

Growing numbers of homes are attracting inheritance tax when their owners pass away, leaving loved ones with a bill to pay.

On Wednesday, the Tax Office picked out three “wild” and “outrageous” examples out of the millions of tax returns it sorted ... The Tax Office says people making claims should be asking ...

Nobody wants to think about end of their life. It can be emotional to consider what might happen to our assets or property ...

If someone contributes more than the available ... and the money can be withdrawn at any time without facing a tax, unlike RRSPs, for example. “You don’t need thousands of dollars to ...

Inheritance tax of 40 per cent is usually charged on a deceased person's assets worth over and ... the value of the home will be eligible. For example, if the family home was valued at £150,000 ...

Former Assistant Treasurer Stephen Jones was adamant that this will be a minimal change for the majority. He also confirmed that losses can be carried forward to offset future gains. However, the ...