Learn about IRS Publication 535, crucial for business owners to understand deductible expenses to reduce taxable income.

The husband-and-wife owners of precious metals businesses in downtown Los Angeles pleaded guilty Friday to federal charges for concealing millions of dollars’ worth of cash transactions, failing to ...

The Minns Labor government is preparing for an election in 2027 by winding down spending on mega-projects and promising no ...

Delhi High Court held that denial of benefit of Input Tax Credit [ITC] due to non-filing of TRAN-1 not justified since the ...

Learn about business interest expense, its tax deductibility, and implications under current U.S. tax laws for businesses.

The Tribunal ruled that non-filing of returns, absence of audited books, and lack of donor details defeat the claim for exemption under Section 13A. Voluntary contributions thus became taxable, though ...

NIL collective operator Blueprint Sports ran nearly $35 million in college athlete NIL contributions in 2024 through its companion charity, according to newly filed federal tax records. The BPS ...

Discover when dental insurance premiums are tax-deductible and understand exclusions. Learn about coverage types and how cosmetic procedures impact deductions.

Iowa’s Office of Ombudsman, which investigates complaints related to local and state government, saw an almost 10% increase ...

The House of Representatives has approved an increase in campaign spending limits for candidates contesting elective offices across the country.

The ITAT held that reassessment issued after three years is void if approval is taken from an incompetent authority. Wrong sanction under section 151 renders the entire reopening unsustainable in ...