Option 1: Client A can loan the R5 million to the trust, creating a loan account on which interest will need to be charged ...

Accounting students at Montana State University are gaining experience by offering to assist with preparing tax return.This ...

If lawmakers fail to extend these provisions, 62% of filers would see a tax increase. A failure to extend the TCJA’s ...

Kentucky residents will be taking home more money. Governor Andy Beshear signed House Bill 1, into law lowering the individual income tax rate.

Therefore, a Roth IRA provides a "much longer runway for tax-free investing," said certified financial planner Thomas Scanlon ...

The Indian government is closely monitoring high-value financial transactions using data analytics and inputs from various agencies to curb tax evasion. If an individual is conducting significant ...

NBR cancelled two tax benefits: the income tax exemption for the Shuchona Foundation and the tax exemption on donation amounts made by individuals and organisations to the foundation ...

Yet rich parents often want to give more. Here are the (sometimes barely legal) ways they get it done. A trust distributes ...

The Congressional Budget Office (CBO) recently released its Options for Reducing the Deficit, outlining a number ...

It's time to collect your tax documents and get ready to file your return for the 2024 year. Tax day is April 15.

Another change to the tax code could mean you get a higher refund this year. A state law that went into effect in January ...

Americans with a Roth IRA, or individual retirement account, and who plan to retire abroad may want to consider some risks. With a Roth IRA, you can make after-tax contributions and tax-free ...