Virginia Governor Ends Tax Exemptions for United Daughters of the Confederacy
Governor Spanberger signs HB 167, ending long-standing tax exemptions for Confederate-linked groups like the United Daughters of the…
Articles by & updated by Sai Sankar
U.S. Corporations Face 80% Taxable Income Limit on Nols, While Capital Losses Offset Only Gains
IRS rules in 2026 separate corporate capital losses from NOLs, restricting offsets and applying different carryforward limits to…
IRS Lists Occupations with Tip Tax Exemption Under One Big Beautiful Bill Act
IRS finalizes 'No Tax on Tips' rules for 71 jobs in 2026. Eligible workers can deduct $25k, but…
Connecticut Sees Bigger Tax Refunds Under One Big Beautiful Bill Act
Connecticut federal tax refunds average $3,521 in 2026, up 11% due to the One Big Beautiful Bill Act,…
USPS Postmark Rule Reinforces “timely Mailed Is Timely Filed” Under IRC § 7502
New USPS rules mean mail is postmarked at sorting facilities, not mailboxes. This risks late IRS penalties for…
Export Duty Refund Allowed as Fresh Claim Under Section 54 of CGST Act
Exporters can refile GST refund claims after a rejection if they remain within the 2-year limit under Section…
U.S. Tax System Layers Federal Income Tax, State Tax, and Social Security Withholding
A guide to the multi-layered U.S. tax system, explaining federal and state income taxes, payroll deductions, and tax…
Home Affairs Orders Handcuffs for All Detainee Transports as Escapes Rise
Reports reveal Australia’s immigration detention now requires mandatory handcuffs for all transport in 2026, sparked by security gaps…
Small Businesses Must Disclose Investments on ITR-4 Under Presumptive Taxation for AY 2026-27
India's CBDT updates ITR-4 for 2026-27, adding a mandatory investment disclosure field for taxpayers using the simplified presumptive…