A Schedule K-1 is a federal tax form that business partnerships and S corporations use to report a partner's share of the income, losses, capital gains, dividends, and other items.

Your 401(k) doesn’t just disappear when you die. Here’s how it’s transferred, who gets it, the tax impact, and why ...

A new report has revealed that many highly populated US states are least prepared to handle a recession, based on key ...

However, your cousin did not have any siblings or children, so that rule would not, in all likelihood, apply here. "If a deceased beneficiary was the sole heir and no contingent beneficiary is named, ...

Inheriting an IRA can be complex. The rules differ based on your relationship to the deceased, your age and even their age at death. One misstep can trigger hefty penalties or tax bills you can’t undo ...

The Kamas mother who is accused of killing her husband and writing a children’s book about grief is facing new charges ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

The Bombay High Court has ruled that Ratan Tata’s listed and unlisted shares, not specifically mentioned in his will, will go entirely to the Ratan Tata Endowment Foundation and Trust. The court held ...

Filing is mandatory for deceased persons if income exceeds exemption limits till the date of death. Legal heirs must register on the tax portal to file.

SBI Securities' Sunny Agrawal anticipates a constructive second half for equity markets in 2025, driven by rate cuts, tax benefits, and revived capex. He suggests focusing on rate-sensitive sectors ...