Grantor retained annuity trusts are a method that the ultra rich use to avoid gift taxes. Many lawyers insist that these trusts are a cornerstone of any sound estate plan.
Walter Hickey at Business Insider looks at when you should buy a Powerball ticket and whether to take the lump sum or annuity if you win.
Income based repayment is touted as a solution to rapidly rising college costs in the US. But there is a hefty tax bill looming for people who take advantage of this program.
In the wake of ever deeper budget cuts, public schools have begun charging students for basics, such as registering for honors or elective classes.
With the crackdown on smoking and higher cigarette taxes in New York City, people who sell individual cigarettes, also known as loosies, are rapidly gaining new customers.
Jonathan Blattmachr, one of the country's leading estates and trusts experts, feels that helping his clients reduce their tax liability helps the IRS close loopholes that he and his colleagues use. As with most attorneys, there are some clients who weren't happy with his work, but Mr. Blattmachr pushes on with his efforts.
Tax authorities using social networks to find tax cheats Yet another reason to be careful who you accept a friend request from.