Arkansas Gov. Sarah Sanders Calls Special Session to Cut State Income Tax Rates
Arkansas Governor Sanders proposes a 0.2% income tax cut for 2026, contingent on budget terms avoiding new Medicaid…
New York Raises Pension Tax Exclusion for Seniors Ahead of 2026 Deadlines
Essential 2026 tax deadlines, New York pension exemptions, and federal updates for immigrants and retirees, highlighting the link…
O-1 Visa Holders with Extraordinary Ability File Form I-129 for Tax Status Updates
O-1 workers face new 2026 rules: mandatory Form I-129 updates, $2,965 premium fees, and strict tax residency compliance…
Supreme Court Upholds Madras HC, Rules Reinsurance Premiums to Foreign Firms Not Taxable
India's Supreme Court rules that offshore reinsurance premiums are not taxable if the foreign reinsurer has no permanent…
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…