Learn how the Innocent Spouse Rule provides relief from tax errors made by a spouse, eligibility criteria, filing ...

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

In a recent case focusing on statutory interpretation, the California Office of Tax Appeals (“OTA”) held that a Delaware LLC using Amazon’s Fulfillment by Amazon (“FBA”) program was “doing business” ...

The issue was whether a charitable trust could lose exemption due to late uploading of Form 10B. ITAT held that Form 10B is procedural and delay alone cannot defeat exemption when audit was completed ...

Puerto Rico tax incentives that have lured thousands of rich Americans to the U.S. territory for over a decade are under ...

Sales tax burdens vary by state, wiht states like Oklahoma and Alabama - often considered low-cost states - having higher ...

Section 80C of the Income Tax Act lets individuals and Hindu Undivided Families (HUFs) claim deductions of up to Rs 1.5 lakh a year for certain eligible investments. This helps reduce your taxable ...

Analyses how multiple ITAT rulings extend the enhanced ₹25-lakh exemption to earlier years, treating CBDT’s notification as a beneficial and clarificatory ...

In late 2025, a rumor spread online that the Clinton Foundation — founded by former President Bill Clinton — lost its status as a tax-exempt charity after a U.S. Department of Defense audit found more ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California has long been the land of high taxes. It’s top 13.3% ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. California is no stranger to wildfires. Over many years, numerous ...

A U.S. senator is questioning the tax-exempt status of the NCAA and its member schools. The inquiry follows schools potentially being on the hook for $200 million in contract buyouts for fired college ...