IRS to give automatic tax penalty relief to eligible Americans, starting this summer. This is a major win for everyone, ...

In a July 8 news release, IR-2026-83, the IRS announced a new automatic process for penalty relief available to taxpayers who have historically ...

The agency is allowing some contributions to be considered “current interest” gifts rather than “future interest” gifts.

If you have a 529 college savings plan, or you’re about to open one for a kid or grandkid, the tax code hides a move most ...

With contributions set to begin July 4, new IRS guidance gives qualifying individual donors a path to avoid filing a gift tax ...

A new Automatic Exemption from Penalty process aims to provide relief for taxpayers with a history of usually filing and ...

If you have been wondering whether contributing to a child’s new “Trump account” could saddle you with a gift tax return, the IRS just ...

Trump Accounts are savings and investment accounts created under the Working Families Tax Cuts law for American minors.

Most people will not owe federal gift tax in 2026. The IRS allows generous annual and lifetime exemptions, which means gift tax applies only to very large transfers made by high-net-worth ...

The Internal Revenue Service (IRS) announced a tax safe harbor (Revenue Procedure 2026-25) on June 29 for certain individual ...

Avoid IRS penalties in 2026 with our guide to gift tax rules. Learn the $19,000 exclusion limit and how to gift tuition or ...

Equity Business Valuation Services has launched business valuation services designed for high-net-worth clients ...