Rep. Erin Paré, a Holly Springs Republican who was recently appointed a chair of the House Appropriations Committee, filed ...

On January 14, 2025, the Internal Revenue Service (“IRS”) and the Department of Treasury issued proposed regulations under ...

The Supreme Court has ruled that foreign currency deposit accounts are exempt from estate tax under Republic Act 6426, also ...

The good news is that there may be ways to do that. What many people don't realize is that the tax code includes various provisions for reducing tax debt. The challenge is knowing how to navigate ...

Foreign currency deposit accounts are not subject to estate tax under the Foreign Currency Deposit Act of the Philippines, the Supreme Court (SC) ruled.

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

On January 10, 2025, the Treasury Department (the “Treasury”) and the Internal Revenue Service (the “Service”) continued their flurry of new ...

TAKING up the cudgels for cooperatives playing key role in promoting economic growth and livelihood generation, Senator Sherwin T. Gatchalian has filed a resolution seeking an inquiry into a ...

On January 3, 2025, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (Regulations) ...

The Internal Revenue Service has released new guidance, Rev. Rul. 2025-3, clarifying the application of Section 530 of the Revenue Act of ...

On January 10, 2025, the Internal Revenue Service (IRS) issued Notice 2025-10 and Notice 2025-11. Notice 2025-10 summarizes proposed ...