IRS Direct Pay Warns: Separate Payments After Tax Extension to Avoid Balance Notices
Learn why IRS balance notices occur after tax extensions and how to resolve common payment errors involving incorrect…
Articles by & updated by Sai Sankar
India Eases PAN Application Rules for Foreign Portfolio Investors Under New Income-Tax Rules
India eases PAN rules for Foreign Portfolio Investors (FPIs) in 2026, allowing placeholder TINs and simplified signatory data…
Supreme Court to Rule on Whether Dividend Distribution Tax Under Section 115-O Is on Dividend
India's Supreme Court to rule on DDT characterization, impacting 2026 U.S. foreign tax credits and international treaty claims…
New York Governor Announces State Will Join Education Freedom Tax Credit Program
New York plans to join the $1,700 federal Education Freedom Tax Credit program starting January 2027 to fund…
Ohio Entrepreneur Promises to Phase Out State Income Tax, Zero Tax Rate on Earnings
Vivek Ramaswamy proposes phasing out Ohio's income tax by 2026, starting with capital gains, despite a potential $10…
India Keeps Capital Gains Tax for Foreign Portfolio Investors Intact Under Finance Act 2024
India maintains existing FPI capital gains tax rates of 20% for short-term and 12.5% for long-term gains, ruling…
Income Tax Department Says Only TRACES-Downloaded Form 16, 16A Valid for Filing
India mandates TRACES-only Form 16/16A for 2026 tax filings. Authenticated certificates are now required for both domestic compliance…
IRS Increases Overtime by $27M as Refund Fraud Surges, Watchdog Reports
A May 2026 TIGTA report reveals a $27M spike in IRS overtime and critical delays in stopping refund…
IRS Struggles to Stop Refund Fraud as Information Returns Arrive Too Late
The IRS faces challenges stopping refund fraud as third-party wage data often arrives after payments are issued, prompting…