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FEDERAL ESTATE TAX RULES
US moves to change green card sponsorship rules as PERM proposal clears federal reviewThe US Office of Management and Budget has completed its review of a proposed rule to revise the Permanent Labor Certification (PERM) progr...
The questions ET Wealth Expo 2026 will actually answer, and why they matter right nowShould you continue investing in equities in the age of AI? Is your retirement plan on track? And have you considered how your wealth will ...
Donald Trump-Republicans or Democrats -- Who will win US Midterm elections 2026? Here's what survey polls say with 10 days to goUS midterm elections 2026: Out of 435 seats in the House of Representatives, Republicans have 218 seats, Democrats have 214, Independents h...
IRS is sending up to $5,000 per adopted child - could your family qualify?The IRS has started sending adoption tax credit refunds of up to $5,000 per child to eligible families. The payments target taxpayers with ...
In 2019, a woman bought a Missouri home at a tax sale; a beneficiary deed complicated who really owned it; what exactly happened?The case is Diana J. Thompson and other v. Heirs of Kathryn L. Metcalf and others. In 2016, a woman in Marshall, Missouri, signed a benefic...
Trump Administration drops PSLF appeal: What it means for student loan forgiveness rulesThe Trump administration has dropped its appeal of a court ruling blocking new Public Service Loan Forgiveness rules. Here's what the decis...
US midterm elections 2026: New Hampshire voters face last-minute shake-up as Supreme Court blocks student IDs weeks before voters head to pollsThe Supreme Court has officially ruled that student IDs will not be accepted for voting purposes in New Hampshire. This decision is in ligh...
Retired employee gets income tax notice over Rs 9.29 lakh leave encashment; ITAT Jaipur cancels it and gives him full tax exemption, here's whyMr. Gupta, a former employee of the State Bank of India, found himself facing an income tax notice concerning Rs 9.29 lakh in leave encashm...
Income Tax Rules 2026: CBDT notifies Form 173A to claim exemption on interest, capital gains from government securitiesIn a significant update, the Central Board of Direct Taxes has rolled out Form 173A, effective from October 19, 2026, under the Income-tax ...
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...
- In 2018, a $6,123 tax debt put a New Orleans property in play; a $6,883 tax-sale bid led to a legal battle over ownership
James M. Thorrick, on September 20, 2004, bought the property at 739-741 Montegut Street. According to the court records, he failed to pay ...
- 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 happened
Cervin died in 1988. He and his wife, Manita Cervin, had purchased three whole life insurance policies on his life from Mutual Life Insuran...
He wrote $464,000 in checks before his father's death; the IRS later challenged the giftsA Pennsylvania man's decision to write 11 checks worth $464,000 five days before his father's death led to an IRS estate tax dispute. A US ...
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 2005, a US couple sold their farm during bankruptcy, IRS sent them a tax bill, Supreme Court settled who paysThe case, Hall v. United States, involved Lynwood and Brenda Hall, who filed for bankruptcy under Chapter 12 of the US Bankruptcy Code in A...
Estate tax exemption for 2026 is $15 million: Here’s what families need to know about the IRS rules and $19,000 gift limitThe 2026 estate tax exemption is $15 million, while the annual gift tax exclusion remains $19,000 per recipient. Here’s what the IRS rules ...