Paintings, sculptures and other types of art carry potential tax advantages to their owners alongside their aesthetic beauty. Art is "not something that comes up all the time" in discussions with ...

The IRS is warning against a tax scam involving frivolous art donation tax deductions, where promoters promise “too good to be true” art values. Unlike some other tax scams that the IRS warns ...

This year’s New York art auctions disappointed. The $1.4 billion in spring sales were 22% lower than 2023, and off 36% from 2022, according to the industry publication Ocula. There is plenty of ...

The value of a collection often appreciates over time, but it also requires careful oversight regarding insurance, taxes and proper documentation. The joint report from Art Basel and UBS revealed ...

During Easter, children hunt for colored eggs, perhaps to earn a prize. When it’s tax season, the prizes adults hunt for are expenses that can be deducted from their earnings to lower their tax ...

Sotheby’s will pay more than $6 million to settle claims it helped clients avoid paying taxes on high-priced art from masters like Basquiat by pretending the big-money collectors were resellers.

It might seem that first Brexit and now Labour’s proposed tax rises will only strengthen Paris’s position as an international art hub, particularly with Art Basel Paris opening in the newly ...

Paintings, sculptures and other types of art carry potential tax advantages to their owners alongside their aesthetic beauty. Art is "not something that comes up all the time" in discussions with ...