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INHERITANCE TAX
In 2012, a Philadelphia property went to a tax sale after unpaid bills piled up; years later, the fight over leftover money continuedNotably, James died in 2016. Then Loretta Leverett went to the court. She said that she was the surviving spouse and an interested party. S...- India must avoid copying China's aggressive tax policies on private wealth and offshore assetsDeveloping economies often look to the US and China for cues on taxation, infra spending and policy. India, for one, must steer clear of em...
- When it comes to Trump's economy, these are the numbers that matter before mid-term electionsUnited States President Donald Trump attempted to convince voters before the upcoming mid-term elections that the American economy is growi...
- United Airlines CEO Scott Kirby calls for inheritance taxes near 100% and a national wealth tax. What he wants the US to change and why it mattersScott Kirby, the CEO of United Airlines, has called for a nationwide wealth tax and higher inheritance taxes. He argues that wealth inequal...
- Your inherited home is not a money machine: What Indian heirs must know
- France is on fire but something more dangerous burns below the unrestFrance is engulfed in protests as the public gives vent to growing anger over soaring expenses and diminishing educational quality. Citizen...
- How much gold and silver jewellery can you have in your home without getting into trouble with the Income Tax authorities?How much pure silver and gold jewellery can you have in your home without getting into trouble with the Income Tax authorities? To know the...
- Horoscope Today, October 17, 2026: Aries Eyes Growth, Taurus Focuses on Savings, Gemini Navigates Business DealsFor October 17, 2026, Aries is urged to be prudent in their financial dealings and rejuvenate romance, all while being cautious not to stre...
- In 1969, J. David Bamberger bought 3,000 acres of damaged Texas ranchland; 50 years later, 11 springs flowed and 221 bird species thrived thereBamberger wanted to do something different with his massive wealth. He made his fortune as a co-founder of Church's Fried Chicken reportedl...
- In 1997, a US appeals court ruled in an estate-tax battle involving a 657-acre Texas farm valued at $650,000 and three other properties; here's what happenedCervin died in 1988. He and his wife, Manita Cervin, had purchased three whole life insurance policies on his life from Mutual Life Insuran...
- Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT MumbaiAfter redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai fo...
- In 2024, a US court ruled on an ownership dispute involving two properties sold for $10,200 after a tax-deed transfer; here's what happenedIn a decision in Thomas DeCola v. Matt H. and Anne L. Sheafer, the appeals court rejected Thomas DeCola's arguments. It stated that the tax...
- Man earns Rs 75 lakh by redeveloping property inherited from mother, pays no income tax, receives notice, wins case in ITAT DelhiProperty owner inherits mother’s land, converts it into freehold, DDA grants mutation, redevelops it, gets Rs 75 lakh from builder, pays no...
- In 2000, Allen Paulson left behind $193 million fortune, unpaid taxes, family inheritance fight led US authorities to pursue his heirsPaulson died on July 19, 2000, leaving behind an estate valued at $193.4 million for federal estate-tax purposes. Most of his assets were h...
- In 1942, a woman inherited property worth $33,650, its value rose to $95,000, then a mother-son ownership arrangement triggered a US estate-tax disputeThe dispute reached the US Court of Appeals for the Fourth Circuit, which ruled on November 1, 1967, in favour of the Internal Revenue Serv...
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
- Horoscope Today, October 10, 2026: New Moon Calls for Patience as Capricorn Reviews Long-Term Goals, Aquarius Breaks Old Patterns and Pisces Seeks PeaceThe Sun and Moon remain in Virgo, bringing a grounded focus to research, structured planning, and partnership alignments. While retrograde ...
- Inherited property tax explained: Know how the US 1031 exchange works and what are the rules for co-inheritors?In simple terms, in the United States, a provision known as a 1031 exchange may offer a way for an heir to exchange qualifying investment r...
- Rs 67 lakh ancestral jewellery declaration in ITR triggers income tax notice of unexplained credit: Here's why lady won at ITAT MumbaiWife filed Schedule AL in ITR for first time and got hit with unexplained credit income tax notice for ancestral family jewellery worth Rs ...
- India should tax capital income, not wealth or inheritance: Economist Daniel WaldenstromIndia should focus on taxing capital income, such as corporate profits and dividends, to address inequality. Economist Daniel Waldenstrom s...
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