The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on ...

ITAT Pune ruled that the late filing of the Form 10B audit report is not fatal to the charitable trust exemption if filed before assessment completion. The court reversed the disallowance of ...

Private jet sales are soaring and luxury car purchases are revving up — if you can count your splurge as a business expense, ...

Gujarat High Court held that assessment order passed under section 147 of the Income Tax Act without granting opportunity of personal hearing is not tenable. Accordingly, the order is quashed and ...

In a landmark decision, the Madras High Court, on Oct. 25, ruled that cryptocurrencies such as XRP qualify as “property ...

He’s the top-selling salsa artist of all time; Grammy-award-winning singer Marc Anthony has just recently announced his first ...

Lake County prosecutors asked the judge to hold Kenneth Rixie, 29, after he was charged with first-degree murder in the death of Dorrie Gessler, 66.

Aishwarya Rai Bachchan won a Rs 4 crore tax case against the Income Tax Department. The ITAT Mumbai ruled in her favor, ...

On November 5, 2025, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) issued guidance confirming employers will not be penalized for failing to report cash tips and overtime ...

The Internal Revenue Service (IRS) released guidance on November 5, 2025, granting employers relief from tax penalties for failing to provide employees information related to their (1) “qualified tips ...

Nearly 2.2 million people in Illinois might see eligible criminal records sealed following passage of the ‘Clean Slate’ Act.