Editor: Mary Van Leuven, J.D., LL.M. The U.S. government imposes federal excise taxes that can affect a surprising variety of companies. These taxes ...

Like all good rules of thumb, the “Napkin Test” is a starting point and not the whole story. Every 1031 exchange is nuanced, and while these three rules will keep most investors on the right path, the ...

2. Taxable investments If you inherited stocks, mutual funds, or other investments in a taxable account, you’ll be able to take advantage of a generous tax break known as a step-up in basis.

The annual capital gains tax-free allowance was first cut from £12,300 to £6,000, and then all the way down to £3,000 from the start of the 2024 tax year.