New Report: 51.7M Children Eligible for Education Freedom Tax Credit in 2027
The Education Freedom Tax Credit could reach 51.7 million children, according to an August 2026 analysis. The federal…
IRS Announces August 11, 2026 Tax Relief for Storm and Flood Victims
IRS disaster relief lets affected Indiana taxpayers in 21 counties postpone most federal tax filings and payments until…
Monroe County Income Tax Rate to Rise to 2.205% in 2027, Funding Juvenile Services
Monroe County will raise its local income tax rate from 2.14% to 2.205% on January 1, 2027. The…
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…