IRS Revenue Procedure 2026-20 Lets Investment Trust and Grantor Trust Stake Crypto Tax-Free
The IRS’s Revenue Procedure 2026-20 lets qualifying crypto trusts stake proof-of-stake assets while retaining specified tax classifications. Strict...
IRS Warns $1M Tribal Tax Credit Sold for $250K Doesn’t Exist, Affecting Native American Tax Credits and Sovereign Tribal Tax Credits
The IRS says the marketed Tribal Tax Credit does not exist under federal law, regardless of the name…
Hurun Rich List 2026: Lakshmi Niwas Mittal and Gautam Adani Lead as 50% More Wealthy Indians Emigrate
The 2026 M3M Hurun India Rich List included 156 India-linked people living overseas, up from 101 a year…
Trump Administration Proposes Rules for Federal Scholarship Tax Credit Under Section 25F for Scholarship Granting Organizations
Proposed rules for the section 25F Federal Scholarship Tax Credit would let eligible donors claim up to $1,700,…
IRS and Treasury Set Guardrails on Section 351 for Etfs Under Revenue Ruling 2026-20 and Notice 2026-62
A new Treasury and IRS ruling says a planned contribution of appreciated securities to an ETF followed by…
Treasury Secretary Scott Bessent Backs IRS Revenue Ruling on Section 351 Conversion
New Treasury and IRS guidance targets prearranged ETF transactions that shift appreciated securities into different holdings without immediately…
New IRS Notice 2026-53 Section 45Z Clean Fuel Production Credit Rewards Farms Turning Manure to Gas
Notice 2026-53 identifies dairy and swine manure as primary feedstocks for the Section 45Z Clean Fuel Production Credit.…
Argentina’s Golden Passport: Citizenship for Foreign Cash Backed by National Treasury Government Bond
Argentina’s announced citizenship offer is expected to accept applications in the fourth quarter of 2026, but it is…
100% Bonus Depreciation Saves Data-Center Spenders Billions of Dollars
Full bonus depreciation lets technology companies deduct eligible data-center equipment costs sooner, reducing near-term taxable income. Estimates of...
Wyden Proposes Saver’s Match Boost Under SECURE 2.0 with New Income Thresholds
Ron Wyden’s proposed legislation would raise the Saver’s Match amount and income thresholds before the program’s first eligible…
Rick Scott and Carlos Giménez File SCREEN Act to Strengthen Visa Screening for Suspected Child Predators
The SCREEN Act bills, filed by Sen. Rick Scott and Rep. Carlos Giménez, would let the State Department…
IRS Probes $100 Billion in Potential COVID-19 PPP Loan Fraud
The IRS opened examinations into discrepancies involving about $100 billion in pandemic loans, comparing SBA borrower records with…
Business Owners Warn Against Capital Gains Tax Hike in Budget
An S&W survey suggests higher capital gains tax could affect UK business decisions: half of 500 owners might…
Iowa Employers See Lowest Possible UI Tax Rates Under Tax Table D as Trust Fund Hits 5th Year
Governor Kim Reynolds announced September 2, 2026, that Iowa employers will use Tax Table D for 2027, extending…