Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...

The income tax return filing deadlines, income tax slabs, and capital gains taxations remain unchanged, as outlined in Budget ...

Simplification: The provisions under the Income Tax Bill, 2025, have clearer language and cater to modern work scenarios, ...

The White House said Canada, along with France, both levy digital taxes, and they cost U.S. firms $2 billion a year.

Living outside the U.S. doesn't exempt you from filing taxes. Here's what you need to know about filing taxes from abroad, ...

Many of our clients are interested in engaging in global philanthropy. These individuals often want to benefit charitable causes outside of the ...

On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...

The new Income Tax Bill will replace the Income Tax Act. However, not many people are able to understand how the new tax bill ...

You get two more months to file the tax return if you work outside USA or serve in military or naval service on duty outside the country. However, this does not mean that you get two more months to ...

The maximum claim for each child is $19,066. You can claim all of the eligible adoption expenses that you incurred but you have to claim them in the tax year that includes the end of the adoption ...

With all eyes on the new Income Tax bill which is slated to be tabled in the Parliament this week. Sources in the know of the ...

If you lived with another person in 2024 If you lived with another person at any time in 2024 and in the first 60 days of 2025, you need to determine who can claim the deduction for child care ...