The Tribunal held that estimating profit at 20% of turnover in a milk trading business was arbitrary and unsupported by industry realities. It restricted the gross profit rate to 5%, recognising ...

The Finance Bill, 2026 clarifies who can issue notices under sections 148 and 148A. It confirms that only jurisdictional Assessing Officers, not faceless units, can conduct pre-notice ...

It's almost tax season! And the number one question we see every year is: when can I expect my tax refund? Most taxpayers ...

Learn how to launch a 501(c)(3) not-for-profit by covering key areas such as IRS compliance, governance, board structure, ...

The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...

He added that BRICS-aligned nations will face an additional 10% tariff. After days of Republican drama, the House on Thursday passed President Donald Trump's sweeping tax cut and spending bill. Trump ...

The Tax Court held it lacked jurisdiction over the Sec. 6226(b) deadline for filing a petition for readjustment of partnership items under the Tax Equity and Fiscal Responsibility Act’s regime, and ...

Learn about combat zones and their tax benefits for military personnel, including income exclusions and regions recognized for combat zone status by the IRS.

Addison, Calais, Eastport and Steuben are among the towns facing the largest tax increases due to rising property valuations.

A regional trial court has convicted the top officers of Decarich Supertrade Inc. for tax violations linked to a “ghost corporation” scheme involving the ...

Jonathan Gruber, an economist at M.I.T. who helped the Obama administration estimate the costs of various policy options, ...

President Donald Trump is suing the IRS and Treasury Department for $10 billion. He accuses them of failing to prevent a leak of his tax information to news outlets.