Wealthy families have a rare chance in 2025 to gift up to $13.61 million tax-free -- before the estate tax exemption is ...

Couples are requesting cash instead of ... But exceeding the annual gift tax exclusion doesn’t mean you have to pay a gift tax—it simply means you need to submit IRS Form 709 to disclose ...

Angelica Leicht is the senior editor for the Managing Your Money section for ... Getting an audit letter from the Internal Revenue Service (IRS) can cause concern for even the most organized ...

The Internal Revenue Service (IRS) recently issued Private Letter Ruling (PLR) 202504006, addressing several important estate and gift tax questions related to the division of a marital trust and ...

A gift letter for a mortgage ... be gift tax implications. The IRS’s annual exclusion for gifted amounts maxes out at $19,000 in 2025. The person gifting the money may need to file a gift ...

The Congressional Budget Office reports that for every dollar spent to bring in a new IRS agent, $5 to $9 more will be generated. Stay vigilant. Joseph DantasUnion Township ...

Douglas Sacha / Getty Images A gift letter is a piece of legal, written correspondence explicitly stating that money received ... according to the Internal Revenue Service (IRS).

Fee increases may be discouraging taxpayers from seeking private letter rulings from the Internal Revenue Service to resolve their questions ahead of filing, according to a new report. The report, ...

For certain transactions involving large amounts of money ... IRS at the start of each calendar year, which describes guidelines and updates for the process and includes sample request letter ...