DOJ Hits Compunnel with $313,420 Settlement Over H-1B-Only Job Ads
DOJ settles with Compunnel Software for $313,420 over job ads favoring H-1B holders over U.S. citizens, signaling a…
Articles by & updated by Sai Sankar
U.S. Customs Warns Shoppers: Declare All Goods Above $800 Duty-Free Exemption
Learn the 2026 U.S. customs rules for declaring purchases, understanding the $800 duty-free limit, and avoiding penalties for…
DHS Faces Wrongful Deportation Claim After Detaining U.S. Citizen Without Proof
DHS faces scrutiny after allegations of a U.S. citizen's wrongful deportation, highlighting the critical need for immediate access…
IRS Warns Corporations: Capital Losses Can’t Offset Income, Nols Still Capped at 80%
Corporate tax rules in 2026 strictly separate capital losses from NOLs, imposing different carryover limits and an 80%…
Accrual-Method Corporations Must Delay Related-Party Deductions Under Section 267(a)(2)
Section 267(a)(2) prevents accrual-method corporations from deducting expenses owed to related cash-method parties until actual payment is made…
Oracle Layoffs Hit Thousands, Putting H-1B and F-1 OPT Tech Workers at Risk
Oracle layoffs highlight shifts toward AI infrastructure, creating job and immigration risks for H-1B and F-1 OPT workers…
U.S. Corporations Face Form 1120 Filing Rules in 2026, with Estimated Taxes and Quick Refund Claims
A guide to 2026 U.S. corporate tax rules, covering Form 1120 deadlines, mandatory e-filing for 10+ returns, and…
CBDT Confirms New ITR Forms Still Require Capital Gains Dates for Exemptions
New 2026-27 ITR forms simplify data entry for capital gains but maintain date-driven tax rules, requiring filers to…
Section 351 Lets Founders Defer Tax When They Control the Corporation Immediately
Section 351 allows tax-deferred transfers of property to a corporation only when transferors meet the 80% control test.…