Tax Preparer Fraud Penalties 2026: IRC Sections 7206, 7207, 6694 and IRS Red Flags
IRS preparer penalties for 2026 include criminal charges and fines for false returns. Taxpayers remain liable for tax…
IRS Fraud Red Flags: Immigrants and Nris Face Tax Evasion Risks
Learn the difference between legal U.S. tax planning and illegal evasion. Understand IRS fraud red flags for foreign…
Tax Preparer Penalties 2026: Reasonable Basis, Form 8275, and Substantial Authority
IRS tax preparer penalties for 2026 reach $5,000 for willful conduct, while administrative failures cost $65 per return.…
2026 U.S. Tax Preparer Rules: Essential PTIN, Signing, and Compliance Guidelines
IRS 2026 guidelines for paid tax preparers: mandatory PTINs, signature duties, and penalties for failure to meet due…
New Form ITR-BN Mandates Reporting of Undisclosed Income Starting April 2026
India introduces Form ITR-BN for reporting undisclosed income after tax searches, effective April 2026, featuring a 60% tax…
DHS Adds 43 Chinese Companies to the UFLPA Entity List, Import Ban Starts August 3
Key Takeaways DHS added 43 Chinese companies to the UFLPA Entity List effective August 3, 2026, bringing the…
Remote Work on Tourist Visas: Immigration and Tax Risks Explained
Guide to remote work on visitor visas: navigating immigration rules, tax residency risks, and employer payroll duties across…
CBIC Notification 68/2026 Updates Customs Tariff Values for Gold, Silver, Oils, and Brass Scrap
CBIC updated tariff values for key imports, including gold, silver, brass scrap, and edible oils. The August 1…
TIGTA: IRS Fell Short on Reducing Improper Payments
IRS paid $213M in improper EITC claims via nonwork SSNs, highlighting systemic verification failures and a 33% program…
Alabama, DOJ Unite to Combat Business Fraud as Michael Shine Probes Tax Schemes
Alabama and DOJ partner to fight $350 million in fraud through a new business record-sharing agreement signed July…
SC Upholds Section 44B Presumptive Tax for Foreign Cruise Operators, Covers Hospitality
India's Supreme Court upholds 7.5% presumptive tax for cruise operators, ruling onboard services like dining are part of…
Tax Relief for Fraud Victims Act, H.R. 9500, Jason Smith Aims to End IRS Taxation of Stolen Funds
The Tax Relief for Fraud Victims Act (H.R. 9500) aims to eliminate IRS penalties and restore deductions for…
Ramaswamy Promotes Zero Ohio State Income Tax and High-Paying Job Growth Through Workforce and Trades-Based Education
Vivek Ramaswamy proposes a zero Ohio income tax plan starting in 2027 to boost growth, while critics warn…
Trump-Linked Companies Deny IRS Settlement Coverage as Senate Democrats Probe, Judge Bars Deal
Senate Democrats probe Trump-linked firms over a 2026 IRS settlement's tax immunity reach after a federal judge barred…