Discover what defines a Controlled Foreign Corporation (CFC) and its tax implications for U.S. shareholders. Learn more.

Divorced spouses can also qualify for these benefits, as long as you're not currently married and your previous marriage ...

Trudeau out, Trump in, tariffs up, trade down – as Canadians embark on 2025, it’s clear this will be a year of upheaval ...

Filling Schedules FSI, TR, and FA in the ITR demands very careful reporting of foreign income, tax credits, as well as ...

The energy sector seems to be in constant boom or bust, resulting in wildly swinging performance from year to year. Click ...

You can expect your tax refund in a month or less, in most cases. The IRS says it issues most refunds within 21 calendar days ...

These adjustments, announced by the IRS in October 2024, reflect an approximately 2.8 percent increase in income thresholds ...

We implemented global cost reductions this year, but we did so while advancing the future of Hurco with many technological innovations. In September, we put our technology on display at IMTS and ...

The federal government taxes the Social Security benefits of some retirees if their provisional income exceeds thresholds for ...

Fortunately, state Social Security benefit taxation is becoming less common over time. Only the following nine states still ...

Finance Minister Nirmala Sitharaman is urged by EY to raise the basic income tax exemption limit from Rs 3 lakh t ...

January is a good time to consider tax planning. Amid the yearly onslaught of inflation-adjusted tax figures, here are three ...