U.S. Residents Receiving Over $100,000 from Parents in India Must Review Form 3520
U.S. residents receiving over $100,000 in gifts from parents in India must file IRS Form 3520 to report…
IRS Refund Adjustments: Why Your Payment Was Cut
Find out why the IRS may lower your refund, from math errors to Treasury offsets, and what notice…
Green Card Holders Abroad Face U.S. Tax Filing After April 15, Even with Foreign Tax Credits
Green card holders abroad must file U.S. taxes on worldwide income by June 15. Learn about FBAR, Form…
IRS Weighs Capital Gains Tax Changes, Threatening 0% Bracket for Retirees
IRS holds 2025 capital gains rates at 0%, 15%, and 20%. New 2026 planning focus centers on income…
Parliament Battles Over Capital Gains Tax, Targeting 50% CGT Discount and Inflation Relief
Australia replaces the 50% CGT discount with inflation-based rules and a 30% minimum tax from July 2027, with…
Governor Beshear Issues Emergency Order to Freeze Gas Tax, Blocking 27-Cent Increase
Governor Andy Beshear issues emergency order to freeze Kentucky's gas tax at 26.4 cents per gallon, blocking a…
Governor Newsom Pledges 100 Percent Tax on $1.776 Billion Trump Settlement for Californians
Governor Newsom proposes a 100% tax on CA residents receiving money from Trump's $1.776B anti-weaponization fund, pending state…
IRS Reviews CP53E Letters After Taxpayer Backlash, Cites Executive Order 14247
The IRS considers redesigning CP53E notices after scam complaints, while maintaining that bank updates must be completed online…
Welfare Spending Tops Income Tax Receipts as Budget Watchdog Warns of ‘death Spiral’
Full Fact debunks the 'death spiral' claim, noting UK welfare spending has exceeded income tax since 2013, with…
35 Former Judges Urge Miami Federal Court to Probe Trump’s IRS Anti-Weaponization Fund Deal
35 former judges ask a Miami court to reopen Trump's IRS lawsuit, alleging the $1.8 billion settlement fund…
Top Treasury Official Jenny Wilkinson Warns Labor Against Capital Gains Tax Carveouts
Australia’s Treasury Secretary warns against CGT carve-outs, urging consistent tax treatment across all assets to prevent new economic…
India Tightens Foreign Tax Information Sharing from July 1, 2026, Targeting Cross-Border Assets
India will tighten its foreign tax information framework from July 1, 2026, enhancing data sharing and scrutiny of…
Hong Kong Extends Profits Tax Exemptions to Bitcoin for Family Offices and Funds
Hong Kong clarifies Bitcoin tax: individual investment gains remain untaxed, while new exemptions target family offices and funds…
Can’t Pay Taxes After April 15? Choose Between an IRS Payment Plan, Offer in Compromise, or Currently Not Collectible
Learn how to choose between IRS payment plans, Offers in Compromise, and CNC status to manage unpaid 2026…