Greg Daugherty has worked 25+ years as an editor and writer for major publications and websites. He is also the author of two books. Vikki Velasquez is a researcher and writer who has managed, ...

Clients may be inclined to use a Section 409A valuation for gift tax purposes. After all, both valuations aim to determine ...

Editor’s Note: The following excerpt is from “A Fine Mess: A Global Quest for a Simpler, Fairer, and More Efficient Tax System” by T. R. Reid. For more, watch economics correspondent Paul Solman’s ...

Starting today, the Internal Revenue Service (IRS) has officially opened the gates for 2025 tax filings. In light of the recent One Big Beautiful Bill Act signed by the President, experts are strongly ...

The tax code has been a big topic since President Donald Trump visited Missouri in August. Trump called for tax cuts and policies that he said would grow the economy. Sen. Roy Blunt, R-Mo., continues ...

Taxes are an unavoidable part of life for most people. You could, however, get out of paying income tax if you're deemed ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, ...

June 21, 2023 - On March 30, 2023, the Internal Revenue Service issued Revenue Ruling 2023-2, which directly impacts a wide range of irrevocable trusts, including grantor retained annuity trusts, ...

The Internal Revenue Service issued guidance in Notice 2024-55 on applying exceptions to the 10% excise tax under Internal Revenue Code (IRC) Section 72(t) for emergency personal expense distributions ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

IRS Private Letter Ruling 202550004 addresses tax implications when charitable trust distributes all assets to private ...