How charitably inclined taxpayers can use donor-advised funds and other tax strategies to get ahead of the OBBBA's revised ...

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

ITAT Hyderabad held that condition of investment to the corpus donation in mode prescribed under section 11(5) of the Income Tax Act is effective only from 01/04/2022. Hence the said condition is not ...

ITAT Ahmedabad held that deduction u/s. 35(1)(ii) of the Income Tax Act rightly disallowed since donation was given to Arvindo Institute of Applied Scientific Research Trust whose approval expired on ...

Taxpayers have been given a further fortnight to fill in their tax forms, with the deadline for 2024 now being October 15, senior tax officer Irene Ioannou said on Tuesday. The decision was taken by ...

The S&P 500 continues to build momentum in what's promising to be another year of double-digit growth for the index. For investors, attention already appears to be turning to tax season and the ...

COLUMBUS, Ohio (WCMH) — A bipartisan Ohio bill would allow residents to deduct donation to churches from their taxable income, a move proponents said would encourage charitable giving. House Bill 444, ...

The Federal Court has dismissed the judicial review application of a practising tax lawyer and chartered professional accountant who challenged the Canada Revenue Agency (CRA)’s denial of the relief ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

OHIO, USA — Ohio lawmakers just introduced a bill that will allow people to deduct certain donations to churches from their state income taxes. House Bill 444 is called the Tithing Protection Act. "As ...

The Internal Revenue Service has posted a draft version of Schedule 1-A, "Additional Deductions," for Form 1040 that will be used next tax season when claiming new tax breaks in the One Big Beautiful ...