A parent can structure a gift of $1 million to a child today so that neither the child nor the parent will pay any tax.
A common misconception is that a person is limited in the amount of gifts he or she can give to friends or family. The truth is that there are no limits. 

Counties across Washington, of all sizes, are on the same kind of financial precipice. Many county officials blame the handcuffs that the Legislature has put on property taxes, their most crucial revenue source. 

Richland has available industrial land, a robust and skilled workforce, and other factors that make it attractive to companies looking to expand their operations or build something new within city limits. But now it can offer more incentives.

The AARP Foundation is providing free tax assistance and preparation through its Tax-Aide program at sites around the Tri-Cities.

Get your financial and legal team on the same page as you explore gray area deductions to best protect your business.

Q&A with Kristi Nelson, member (partner) at Northwest CPA Group PLLC in Richland.

A glance at key dials on the dashboard of the local economy might conclude that last year was a good one. The population in Benton and Franklin counties registered an increase of about 4,400, with the rate outpacing the state. The number of residents employed grew by about...

The legislation known as the Secure Act of 2019 changed the tax rules for heirs of an individual retirement account (IRA) from someone who passed away on Jan. 1, 2020, or later.

First, it divided these heirs into three different types: eligible designated beneficiaries (EDB), non-designated beneficiaries (NDB) and...

As a senior citizen ages in her home, she begins to understand a problem that has been brewing for years or decades. The house that she bought many moons ago with her husband has slowly appreciated in value over the years. Maybe she bought it in the 1980s...