7 Tax Rules to Know if You Give or Receive Cash

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...
Houston Chronicle

Estate and gift tax exemption will rise to $15 million in 2026. Here's what to know

A:The amount that each person can give away during life or at death will increase from $13,990,000 to $15,000,000 as a result of the One Big Beautiful Bill Act, which was signed into law on July 4, ...
JD Supra

Do You Know Where Your Gift or Bequest Is Coming From? If Not, You May Be Subject to a Gift/Inheritance Tax and the Related New Reporting.

Pursuant to Internal Revenue Code Section (“Code §”) 2801, if you are a “U.S. Beneficiary” [1] - who is the recipient of a gift or bequest from, or a distribution from a trust established by, a former ...
Reuters

Potential 2026 Changes to Estate, Gift, and GST Tax

A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach planning with the uncertain future of federal transfer tax. As the national ...
JD Supra

Federal Estate, Gift and GST Tax Highlights from the One Big Beautiful Bill Act

The recently enacted One Big Beautiful Bill Act (OBBBA) brings sweeping and permanent changes to the federal estate, gift and generation-skipping transfer (GST) tax landscape. Most notably, it ...