Generous gifts can have tax consequences, but in general, only very wealthy people need to worry about gift taxes. Still, there could be IRS paperwork involved.

Imagine your child is getting married and you want to help pay for their wedding. You’ve been saving for years and now have ...

The rapper said the "little gift" is a way to celebrate her upcoming tour starting Feb. 11 Presley Ann/Getty; Benny The Jeweler/Instagram Cardi B is celebrating a lot this week The rapper, who just ...

Cardi B's drip is getting a luxury upgrade. The rapper, 33, recently acquired a six-figure Audemars Piguet watch that she gifted herself before embarking on her Little Miss Drama Tour on Feb. 11. A ...

The rapper, who just appeared in the 2026 Super Bowl Halftime Show on Feb. 8, is going on tour, and she commemorated it by buying herself a six-figure watch by Audemars Piguet The timepiece boasts a ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

British Gas customers have been alerted to a scam. And it could affect more than just the company's customers, with anyone being a potential target. According to Which?: "Dodgy emails claiming to be ...

Alabama private schools met to discuss the AHSAA's decision to split them from public schools for postseason play. The schools decided to remain in the AHSAA and form a unified voice to address ...

Uncrowned is a new destination for all things MMA, boxing, wrestling, and more, featuring Ariel Helwani. The Alabama High School Athletic Association member private schools held a meeting on Friday, ...

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 ...

'My husband, daughter, son-in-law and I all went to the bank' "Do I need to fill out a Form 709 for this on my taxes this year?" (Photo subject is a model.) Dear Quentin, Last year, I told my daughter ...

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.