IRS Shared Taxpayer Data with ICE for Deportations, Court Says Violated Privacy Law
A federal appeals court kept in place an injunction stopping IRS address sharing with ICE. The panel said…
France Faces $9.4B Crypto Tax Test with Chainalysis, DAC8/CARF, Form 2086
France will require crypto platforms to collect detailed user data from January 1, 2026, under DAC8/CARF. Residents must…
Docusign Founder Backs I-645 to Nix 9.9% WA Income Tax
Washington voters will decide on Initiative 645, a proposal to repeal the state’s new 9.9 percent tax on…
Ukraine’s Draft Law No. 16036 Limits Interest Deductions to 30% of EBITDA for All Debt
Ukraine approved draft law No. 16036, expanding interest-deduction limits to all debt obligations. From January 1, 2028, businesses…
GST Portal Now Allows Appeals Against NIL or Zero Demand Orders Under Form GST APL-01
GSTN now allows appeals against NIL or Zero demand orders when liability is still disputed and payment came…
How to Claim Capital Gains Exemption on Sale of Agricultural Land
Agricultural land sale tax depends first on whether the land is rural or urban. Rural land is usually…
Belated Return, Revised Return, Updated Return ITR-U: Which One to File?
AY 2026-27 taxpayers must use the right filing route: Belated Return by December 31, 2026, Revised Return by…
How SFT Reporting Helps Income Tax Department Track High-Value Transactions
India’s tax system now relies on SFT reporting, AIS and TIS to track high-value financial activity. Thresholds apply…
How Indian Returnees Can Use 529 Plans to Save for U.S. College Costs
An Indian family may retain a 529 plan after relocating, but U.S. and Indian rules still govern contributions…
Michael Moore of Las Vegas Sentenced to 5 Years for $3.5M IRS Fraud
Michael Moore received a five-year federal prison sentence for running two false tax-return schemes in Las Vegas. Prosecutors…
Airbnb Can’t Nix IRS Expert in $1.3B Tax Bill Fight, Court Rules
The Tax Court rejected Airbnb’s bid to strike IRS expert declarations in a pretrial tax fight. Judge Emin…
Why Using a 529 Plan for Non-Qualified Expenses Can Lead to Tax Penalties
529 withdrawals are tax-free only when used correctly. Nonqualified expenses, overlapping education credits, or poor timing can create…
FBR Reports 16 Tax Officials with Dual Nationality to Senate Committee
FBR has identified 16 senior tax officials with dual nationality or foreign residency and reported them to the…
18,000 Schools Face Tax-Exempt Risk Under IRS Rules Targeting Diversity Initiatives
The IRS proposal could strip tax-exempt status from up to 18,000 private schools that use race-based preferences in…