WhatsApp chats in tax investigations: Courts push back against uncorroborated digital evidence

WhatsApp chats have become a common source of evidence in income-tax investigations. However, recent ITAT rulings indicate ...
JD Supra

Final Treasury Regulations Significantly Limit Application of 1% Corporate Stock Buyback Tax Rules

The U.S. government has issued final regulations significantly limiting the situations where a corporation will be liable for the 1% corporate ...

How Are I Bonds Taxed? 8 Common Situations

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but ...
Opinion
National Law ReviewOpinion

IRS Failures Stall Efforts to Curb Offshore Tax Evasion

The Internal Revenue Service (IRS) estimated the gross tax gap for the 2022 fiscal year to be an astounding $696 billion. The IRS defines the gross tax gap as the difference between tax owed and the ...
JD Supra

IRS Withdraws Controversial "Funding Rule" for Stock Buyback Excise Tax

The Internal Revenue Service (IRS) and U.S. Treasury Department have issued final regulations (T.D. 10037) (Final Regulations ...

India's splendid Q2 GDP print shows govt-RBI tango is working for economy despite tariff woes

The salubrious effects of low inflation brought succor to consumers along with lower taxes leaving more money in their ...

ez1095 Clients Utilize 1095 efile Add-On to Streamline ACA E-Filing

"The 1095 E-File add-on service is live for the upcoming ACA filing season. Businesses can now confidently allow our team to ...