Ohio Yet to Join Federal Tax Credit Program for Private School Aid
Ohio has yet to opt into the new $1,700 federal private school scholarship tax credit program starting in…
Australia Targets Foreign Resident Capital Gains Tax Rules with 365-Day Principal Asset Test
Australia proposes sweeping 2026 tax reforms targeting foreign asset tests and domestic CGT discounts to improve housing affordability…
Democrats Push Gas Prices Relief Act to Suspend Federal Gas Tax as Pump Prices Climb
Senators propose suspending the 18.4-cent federal gas tax through Oct 2026 to provide relief as prices soar due…
Louisiana Department of Revenue Reminds Filers to Use Latap Portal for Form IT-540 by May 15
Louisiana 2025 state tax returns and payments are due May 15, 2026. A 3% flat tax now applies,…
Internal Revenue Service Offers Tax Relief as State of Emergency Declared in South Georgia
IRS and Georgia officials announce tax extensions for wildfire victims in south Georgia, moving federal deadlines to Aug…
U.S. Tax Rules Treat Guaranteed Payments and Built-In Gain Allocations in Partner Deals
Learn how U.S. tax rules distinguish between partner roles and third-party transactions regarding guaranteed payments, property sales, and…
Senior-Citizen Exemption Lets Some Skip Income Tax Returns. But Nris Must File
Guide on India's 2026-27 tax filing rules for residents, NRIs, and seniors, covering exemptions, mandatory disclosures, and the…
IRS Hits Partnerships with $245-Per-Partner Penalties for Late Form 1065 Under BBA Rules
Learn about 2026 IRS partnership penalties, Form 1065 filing rules, K-3 international reporting, and the impact of the…
Partners Face Loss Limits Even on Schedule K-1 as Form 1065 Filing Rules Bite
Learn the 2026 IRS rules for partnership Form 1065, K-1 loss limitations, and filing deadlines to ensure compliance…
₹20 Lakh Salary: New Tax Regime Under Section 115BAC Often Beats Old Regime Deductions
Compare India's old vs new tax regimes for ₹20 lakh earners in 2026. Learn why the new regime…
CBDT Requires Bank Balance Reporting in ITR-4 for AY 2026-27, Impacting Freelancers
The CBDT mandates bank balance reporting in ITR-4 for AY 2026-27 to enhance transparency for small taxpayers using…
Section 10(10A) Exempts Commuted Pension. But Is Monthly Pension Taxable in Income Tax Return?
Understand India's 2026 pension tax rules: monthly pension is salary, commuted amounts have exemptions, and family pensions are…
Nris Face New TDS Auditability Problem as India Demands Proof for Every Tax Deduction
India's tax focus shifts to TDS auditability. Payers must now document legal reasoning for rates and sections to…
Income Tax Appeals After JCIT(A) or CIT(A) Move to ITAT, Then High Court on Law
Explore the Indian tax appeal hierarchy under the 2025 Act, from ITAT fact-finding to High Court legal questions…