U.S. Postal Service Tightens Rules Under Internal Revenue Code Section 7502
New 2026 USPS postmark rules risk IRS late penalties for paper tax filers. Learn how regional processing delays…
Former Justice Phil Talmadge Joins Citizen Action Defense Fund to Challenge Senate Bill 6346
Legal experts challenge Washington's 9.9% income tax on $1M+ earners, citing constitutional violations as a separate fight for…
Democrat Adison Richards Challenges Senate Bill 6346, Washington’s New Millionaire Tax
Washington passes a 9.9% tax on income over $1M. Despite Governor Ferguson's support, Gig Harbor Democrats join the…
IRS Business Tax Account Now Available to Partnerships, Governments, and Tax-Exempt Organizations
IRS expands Business Tax Account to partnerships and governments in 2026, enabling digital payments, record access, and streamlined…
Chinese Students and Scholars in U.S. Gain Tax Exemptions Under Article 20 in 2026
A guide for Chinese students and scholars in the U.S. on claiming tax treaty benefits under Articles 19…
U.S. Corporations Face Form 1120 Filing Rules in 2026, with Estimated Taxes and Quick Refund Claims
A guide to 2026 U.S. corporate tax rules, covering Form 1120 deadlines, mandatory e-filing for 10+ returns, and…
CBDT Confirms New ITR Forms Still Require Capital Gains Dates for Exemptions
New 2026-27 ITR forms simplify data entry for capital gains but maintain date-driven tax rules, requiring filers to…
Section 351 Lets Founders Defer Tax When They Control the Corporation Immediately
Section 351 allows tax-deferred transfers of property to a corporation only when transferors meet the 80% control test.…
Tax Authorities Target Under-Reporting and Misreporting with Section 270A Penalties
India's 2026 tax rules uphold a 50% penalty for under-reporting and 200% for misreporting, with immunity options available…
Indian Tax Law Tightens Penalties on TDS, TCS, and Information-Return Failures
India's 2025 tax rules impose strict penalties for TDS/TCS reporting lapses, making procedural compliance as critical as the…
Tax Authorities Tighten Penalties on Cash Deals and PAN/TAN Defaults
India enforces 100% penalties on prohibited cash transactions and strict fines for PAN/TAN lapses to ensure financial transparency…
Income Tax Penalties Can Be Dropped with Reasonable Cause Under Faceless Penalty Rules
Learn how to seek relief from Indian income tax penalties using immunity, waivers, and 'Reasonable Cause' defenses under…
Tax Authorities Target Businesses with False Entries, Audit Failures, and Poor Bookkeeping
India's tax landscape shifts in 2026, enforcing strict penalties for book-keeping and audit failures under the 1961 and…
Income Tax Department Clarifies 234B Is Interest, Not Penalty, as CBDT Updates Rules
India enacts the Income-tax Act 2025 effective April 1, 2026. Taxpayers must navigate a dual system for penalty…