The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use multiple non-grantor trusts to maximize deductions and enhance estate planning.

El Salvador President Nayib Bukele's drive to consolidate his grip on power and crack down on critics and humanitarian ...

Moving money offshore can offer South Africans diversification, rand protection, tax benefits and long-term wealth planning.

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable ...

A confidential investigation by the Income Tax Department has revealed a disturbing trend of radical Islamic expansion along ...

The U.S. Education Department said on Tuesday it opened a foreign funding investigation into the University of Michigan while ...

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

The Income Tax Department has released software utilities for ITR-1, ITR-2, ITR-3 and ITR-4, enabling income tax return filing for FY 2024-25 (AY 2025-26). This year, the ITR forms underwent various ...

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and ...

Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations make compliance more difficult.

The IRS is ramping up crypto tax enforcement, sending warning letters to US investors over suspected discrepancies.