Generally, the answer to “do I have to pay taxes on a gift?” is this: the person receiving a gift typically does not have to pay gift tax. The giver, howe...

Since the marital deduction is unlimited, a person can leave the entire estate to the surviving spouse and avoid estate tax issues. In addition, since the...

Americans can get a Online Visa to visit Kuwait by completing a form with their personal information and valid travel document information. Can US citizen...

Instead of using the value of assets on the date of death for estate tax purposes, the executor may elect an “alternate valuation” date of six months afte...

Assignment of contract occurs when a party to an existing contract transfers the contract’s legal obligations to another party. Some contracts prohibit as...

Even though a taxpayer may have moved to a new state, it’s possible to maintain tax-ties to the old one. In that case, the income is taxed to the former s...

To find out who owns the majority shares of a public company’s stock, use the EDGAR database at SEC.gov (there is a link to it on the SEC’s home page) and...

There are only three reasons why a judge cannot grant a divorce alone (leaving support, property and other claims to separate orders that can be made late...

If you receive the missing or corrected Form W-2 after you filed your return and you discover you made a mistake on your Form 4852 that you need to correc...

You can include in your gambling losses the actual cost of wagers plus other expenses connected to your gambling activity, including travel to and from a ...