4-H and FFA Families Face New 1099 Rules from One Big Beautiful Bill Act
The IRS reporting threshold for youth livestock sales and prizes rises to $2,000 in 2026, reducing the number…
₹804 Crore Form 15CB Fraud in Gandhidham Sparks Foreign Remittance Scrutiny
Gujarat police probe nine individuals, including four CAs, for allegedly facilitating eight hundred four crore rupees in illicit…
Exit Tax Strategies: Selling Partnership Interests Under Indian Partnership Act
India's 2026 tax rules clarify that the source of payment and asset transfers determine tax liability for retiring…
IRS Adds Digital Certification to Individual Online Account Tax Compliance Reports
The IRS launched a digital Tax Compliance Report on August 20, 2026, allowing taxpayers to prove compliance without…
Treasury and IRS Plan to Restrict Refundable Tax Credits for Specific Immigrants
The U.S. Treasury proposes denying cash tax refunds to non-qualified immigrants, reclassifying credits like EITC as public benefits…
IRS and HMRC Bolster Tax Whistleblower Rewards with Centralized Online Reporting
IRS reports $8 billion recovered via whistleblowers as US and UK refine different reward systems for reporting major…
UK July Deficit Hits £1.8bn as Record Tax Receipts Outpaced by Spending Ahead of October Budget
The UK government borrowed £1.8bn in July 2026, missing surplus targets as rising costs outpaced record tax revenue…
Income-Tax Dept Targets Clarity in International Tax Cases Under Income Tax Act
India's Income-tax Department enhances international tax certainty in 2026 via new laws, record APA signings, and expanded outreach…
France Property Tax: Non-Residents Avoid Social Charge Rise
France maintains the 17.2% social levy for non-resident property gains in 2026, avoiding an expected hike and keeping…
Social Security Benefits Can Be Reduced for Unpaid Federal Taxes
IRS can levy 15% of Social Security for taxes, while SSA can withhold 100% for overpayments. Tax debts…
IRS Proposal Targets Nonprofit Leaders Convicted of Terror Ties or Fraud
IRS proposes Form 990 criminal disclosure for nonprofit leaders with convictions in the last 10 years to improve…
Nigeria’s 2026 Tax Act Expands Capital Gains to Indirect Transfers
Nigeria's 2026 tax reform raises corporate gains tax to 30% and introduces a 50% asset test for offshore…
SEBI’s Digital NRI Onboarding via Video ID to Speed Up Overseas Fund Flow
SEBI proposes fully digital, remote KYC for overseas investors, removing the physical presence requirement to open Indian securities…
Income Tax Department Probes 394 Entities, 36 Professionals Over Suspicious Foreign Remittances
India's Income Tax Department launched a probe on August 18, 2026, into 394 entities and 36 professionals over…