Stay updated with breaking news from Tax law gaps. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As provided in the Inflation Reduction Act, eligible taxpayers may make a yearly election to transfer all (or any portion) of an eligible credit to an unrelated taxpayer under Section 6418 of the Internal Revenue Code...
The IRS is notifying taxpayers who were impacted by the Littlejohn data breach. By law, the IRS must inform taxpayers about the breach and tell them about the next steps.
Despite pockets of enthusiasm among those who’ve been experimenting with GenAI, there is still a shadow of doubt that hangs over the professional services sector
If you still haven't filed after three months, you’re charged additional fines of £10 a day, up to a maximum of £900 - and these new round of fines would have started on May 1
The article explores income and wealth inequality, taxation on the rich, and India's tax/GDP ratio. It questions if India's tax rate is low and analyzes wealth concentration trends and market efficiency, emphasizing the need for a comprehensive understanding of the data and perspectives.