The High Court held that the Commissioner did not properly apply the wide discretionary powers under section 264. The matter was remanded for fresh consideration in light of the petitioner’s ...
The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...
If you are a nonresident tax filer and had no US-sourced income during the previous calendar year, you only need to complete ...
Taxpayers who make frivolous arguments in Tax Court risk the imposition of penalties by the court of up to $25,000.
The IRS may grant a reasonable extension if the taxpayer provides satisfactory evidence of acting reasonably and in good ...
As you ransacked your basement in search of holiday decorations, perhaps you came upon boxes of documents from the last ...
This week included several meaningful events, among them the Governor's Prayer Breakfast and early celebrations of ...
A new $6,000 senior tax deduction in Trump's new tax bill, the One Big Beautiful Bill, starts in tax year 2025, offering ...
Lawmakers created a new program to mirror the federal Earned Income Tax Credit, and adjusted an affordable housing credit to ...
It could be worth the time this holiday to consider these tax moves before year end. They could save you money in 2025 and ...
Beginning Monday, Missouri legislators will pre-file bills for the 2026 legislative session. House representatives from ...
By Harold Best Kentucky Baptist Convention The “One Big Beautiful Bill Act” signed by President Trump on July 4 contains ...
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