The tax department clarified that any expenditure incurred to resolve proceedings under four specific laws will not be ...

Letting the tax cuts expire would result in the single most significant tax increase by dollar amount in history, an ...

The Central Board of Direct Taxes (CBDT) notified that any expenditure incurred to settle proceedings initiated in relation ...

Local nonprofit leaders in Republican districts need to speak out against proposed changes and ensure lawmakers understand ...

CBDT prohibits deduction for expenses related to settling proceedings under Sebi, Competition Act, and other specified laws.

A proposed amendment to Florida's tourist tax law could dramatically alter how counties fund major attractions and promote ...

The Inflation Reduction Act lets companies sell their clean energy tax credits for cash. Now that benefit is at risk.

Under the old tax regime, individuals and businesses could claim a variety of exemptions and deductions—such as house rent ...

Lobbying on tax issues exploded during the first quarter of this year, as Congress prepared to extend the 2017 tax cuts.

By Greg Aguirre The Tax Cuts and Jobs Act that Congress passed in 2017 was undoubtedly one of the cornerstones of President ...

The Qualified Business Income Deduction lets many small business owners deduct up to 20% of their income. Unless Congress ...

A letter from State Auditor Mike Foley Monday warned Nebraska lawmakers about large corporate tax incentives depleting state ...