ITAT Delhi directed that a trust lacking 12A registration cannot be taxed on gross receipts; only surplus income applied outside charitable purposes is ...

It has been slightly over six weeks since the Supreme Court heard oral arguments in the challenge to President Donald Trump’s ...

The Tribunal held that estimating closing stock without rejecting books or identifying defects is unsustainable. Mere assumptions of revenue leakage cannot justify ...

Nebraska plans to be the first state to implement new work requirements for some Medicaid recipients. President Donald Trump signed a tax and policy law ...

Congress is poised to leave for a scheduled holiday recess without a solution for addressing the expiration of enhanced ...

Congress is poised to leave for a scheduled holiday recess without a solution for addressing the expiration of enhanced ...

Founder and CEO Daniel Chu and other executives of Irving-based Tricolor have been indicted on federal fraud charges in ...

Financial management and transparency concerns resurfaced during the meeting as the city's legislative and executive branches ...

Each day, Mike Stapleton wakes up owing the state of Colorado another $1,550. By the end of each week, Stapleton’s debt for ...

Takeaways A provision of the One Big Beautiful Bill Act created “Trump Accounts,” a new type of individual retirement account ...

The tax/budget legislation known as “OBBBA,” signed into law at midyear, included provisions that will have a meaningful ...

New car loan interest deduction lets buyers write off up to $10,000—but the real winners may be automakers, not middle-class ...