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…
Articles by & updated by Sai Sankar
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…
Arizona’s Retirement Tax Benefits Include Social Security Exemption Under One Big Beautiful Bill Act
Arizona retirees gain new $6,000 tax deductions in 2026. Social Security remains state-exempt, offering significant relief for seniors…
Pennsylvania Pension Exemption Lets Immigrants Keep Social Security Tax-Free After 59.5
Pennsylvania exempts Social Security and pensions from state tax for 2026 residents, though foreign pensions and early withdrawals…
Illinois Exempts Retirement Income from State Tax in 2026
Illinois exempts retirement income from state tax in 2026. Residents must use Form IL-1040 and Schedule M to…
IRS Reports Average 2026 Tax Refund Up $350 as Millions Choose Direct Deposit
Average 2026 tax refunds increased 11.1% to $3,521, driven by expanded deductions and child credits under the One…
90% Loss Deduction Ends as IRS Tightens Tax Rules on 2026 World Cup Betting
New 2026 IRS rules cap gambling loss deductions at 90% of winnings, potentially creating taxable income for World…
China Targets Offshore Investors as Tax Revenue Grows 11.5% Under CRS Data Exchanges
China leverages CRS data and AI to boost tax revenue by 11.5%, targeting undeclared offshore assets and global…