IRS CP321J Notices Explain Saver’s Match Eligibility by MAGI
CP321J notices alert some taxpayers to the Saver’s Match for eligible retirement contributions made in 2027. The letter…
Greece Proposes 10% Personal Tax on Crypto Gains with €500 Exemption
Greece has proposed a 10% tax on individual crypto gains exceeding a €500 annual exemption. The draft would…
Income Tax Department Appeals Tribunal Ruling on Employee Stock Option Plan Tax Relief for Dr Lal Pathlabs
The Income Tax Department has appealed relief granted to Dr Lal PathLabs on ₹32,66,18,927 in Employee Stock Option…
Thailand Considers 1,000 Baht Departure Tax for Air Travelers Leaving the Country
Thailand is considering a 1,000-baht tax on air departures, applying to Thai nationals, foreign residents and tourists. The…
Democrats Including Ron Wyden Criticize Federal Scholarship Tax Credit Rules Over Public School Funding
Democratic lawmakers Ron Wyden and Richard Neal warn that Treasury’s proposed scholarship tax-credit rules could steer federal revenue…
IRS Grants Crypto Investors Another Year on Staking Trusts via Revenue Procedure 2026-20
Qualifying proof-of-stake investment and grantor trusts have until April 6, 2027, to amend their governing documents under IRS…
IRS Voluntary Disclosure Program Still Risky as Overhaul Drops Form 14457 Willfulness Checkbox
The IRS expects to announce a revised Voluntary Disclosure Program later in 2026. Its draft would simplify applications…
Millionaires’ Income Tax on $1 Million or More Lacks Safe Harbor Protection
The proposed Washington millionaires’ income tax would cover households earning $1 million or more. Lawmakers have not resolved…
Supreme Court Rules GRD Powder Qualifies for 8% Tax Rate Based on Form at Sale
India’s Supreme Court ruled that Cadila Health Care’s GRD Powder and GRD Mix should be classified by their…
Income Tax Searches Hit Ramayana Producer Prime Focus Offices as Shares Fall 8%
The Income Tax Department searched Prime Focus Limited’s Mumbai offices on October 7, 2026, reportedly examining overseas transfers.…
IRS 2026 SALT Deduction Limit Hits $40,400: Schedule a and Modified Adjusted Gross Income Guide
For tax year 2026, the federal SALT deduction is capped at $40,400 for single, head-of-household and married-filing-jointly filers.…
Trump Order Grants Emergency Tax Relief on Diesel Fuel by Waiving Federal Highway Diesel Excise Tax for Red-Dyed Diesel
An order signed October 5, 2026, permits red-dyed diesel on public highways through December 31 and postpones federal…
IRS Revenue Procedure 2026-20 Lets Investment Trust and Grantor Trust Stake Crypto Tax-Free
The IRS’s Revenue Procedure 2026-20 lets qualifying crypto trusts stake proof-of-stake assets while retaining specified tax classifications. Strict...
IRS Warns $1M Tribal Tax Credit Sold for $250K Doesn’t Exist, Affecting Native American Tax Credits and Sovereign Tribal Tax Credits
The IRS says the marketed Tribal Tax Credit does not exist under federal law, regardless of the name…