Estate & Gift Tax

The new tax rates for the year 2023 have been announced. There is a slight increase in the  Federal Estate Tax Exclusion amount for 2023. So a decedent dying between Jan. 1 and Dec. 31, 2023, may be subject to an estate...

Internal Revenue Code provides various rules about the taxation of gifts  so when you are planning a  "gift" of money or property to someone-friend ,relatives or even unrelated person , you must know about " who pays gift tax ?"....