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

ALBANY, N.Y. (AP) — The state of New York is forming an exploratory committee to consider whether Lake Placid and New York City should bid to co-host a future Winter Olympics. The announcement Monday ...

In a phone interview with CBS News on Monday afternoon, President Trump said the U.S. war with Iran could almost be over. "I think the war is very complete, pretty much," the president said, speaking ...

Bob covers the money in health care, focusing on health insurance and hospitals. His stories delve into Medicare Advantage, opaque prescription drug benefits, and how much executives actually make. He ...

Thinking about giving money or assets to family or friends? The IRS has strict gift tax limits that affect how much you can give without triggering taxes. This guide breaks down the annual and ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. IRS new Form 708 enforces a 40% transfer tax on U.S. recipients ...

Businesses can begin filing tax returns electronically next week, the IRS said Tuesday. Acceptance of returns will begin Tuesday, Jan. 13 at 9 a.m. ET, the IRS said in an alert. Starting Jan. 18, five ...

Newborns can look forward to the promised Trump accounts in the new year, but if parents, grandparents, friends or relatives plan to contribute, they can look forward to a tax headache, experts said.

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest contributions may require them to fill out a little-used gift tax form that can take ...

The new White House ballroom is expected to be finished by 2028, with the addition providing a new gathering space for guests at the direction of President Trump. The project’s projected completion ...