U.S. persons who make outbound investments in foreign corporations often have thorny federal reporting obligations, including ...

Estimating taxes accurately is crucial for financial planning, and using Excel templates can significantly simplify this ...

• Internal Revenue Service updates qualified domestic trusts (QDOT) regulations— On Aug. 21, 2024, the IRS published proposed amendments, REG-119683-22, to the regulations under Internal Revenue Code ...

Ron Paolucci, whose Loooch Racing Stable won multiple leading owner titles in Ohio and ranked second nationally by wins in ...

The case of Deepak Shimoga Padmaraju Vs The Assistant Director of Income Tax pertains to the denial of Foreign Tax Credit ...

13.5 The Ld. CIT (A) by having held that “ that it is brought on record that fiing of Form No. 67 is mandatory to claim the benefit of Foreign Tax Credit” but in fact there is no material whatsoever ...

What is the purpose of the Domestic Content Bonus Credit? The Inflation Reduction Act (IRA) introduced the Domestic Content ...

A salaried individual may get income tax notice, if their ITR has any error or they have found guilty of tax evasion, etc.

The primary issue is the rejection of the assessee’s claim for foreign tax credit (FTC) amounting to ₹25,43,643 due to the delayed filing of Form 67. The Centralized Processing Centre (CPC) rejected ...

The U.S. government is on track to spend more than $1 trillion on interest payments this year, more than it spends on the ...

In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Chandigarh held that the assessee, Bachaspatimayum Umakan ...

Here are key things to know before you start day trading cryptocurrency and why it can be even riskier than day trading ...