Taken together, SB73 and SJR2 would raise the bar for any citizen initiative that would increase taxes. Anything that ...

ITAT Bangalore held that non application of mind by the AO to the legal issues would justify action of section 263 of the ...

The Internal Revenue Service has released new guidance, Rev. Rul. 2025-3, clarifying the application of Section 530 of the Revenue Act of ...

An Alberta widow will be allowed to keep tens of thousands of dollars her late husband left to her in retirement savings ...

The U.S. Department of the Treasury and Internal Revenue Service (IRS) have released final regulations or tax credits for the production of ...

The government may impose a 20% income tax on offshore digital services, introducing a 10-year prison sentence for sales tax ...

Presently, supply of restaurant service other than at specified premise shall be taxed at 5% and the supplier would not be ...

The time of waiting and hoping is over for taxpayers looking to finance and develop hydrogen projects. Treasury and the IRS ...

A survey of 4,000 Americans who plan to file taxes this year reveals they're unaware of many of the terms-and it differs by ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago.

The final regulations, which include 24 exceptions to consideration of federal tax controversies by the Independent Office of Appeals, generally follow the proposed regulations issued in October 2022.