A Peruvian fisherman survived 95 days at sea before being rescued and reunited with his family this week. Maximo Napa Castro, 61, set off for a fishing trip from the southern Peruvian coast on Dec. 7 ...

The purpose of a gift in trust is to avoid gift/estate taxes, as there is a lifetime gift/estate tax exemption limit. For 2025, that limit is $13.99 million. There's also an annual gift exclusion ...

You’re thinking about taking all your tax-free cash (TFC) now to gift to your children for a house deposit, but is that the best move? There are several factors to consider before making a ...

If we take gift tax seriously, we can close revenue gaps and curb illicit financial activities,” he concluded. Comments: This article has no comments yet, be the first to comment ...

Lavish weddings in Ghana, known for their grandeur and extravagant gifts, are attracting the attention of tax authorities as expensive presents from non-family members spark concerns about tax evasion ...

Mr. Merriman explained: “If they are receiving gifts, if they are promoting goods online in lieu of payment, they will have an income tax liability in most cases.” He further clarified that ...

To counter the high costs of raising children, Congress has sprinkled various breaks for parents throughout the tax code. But you need to know where to look and to compare benefits. Funding a ...