Ultimately, the deductibility of payments in lieu of penalties would depend on the facts and circumstances of each case, ...

The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.

Social Security Administration Commissioner Frank Bisignano will also take on the newly created role of Chief Executive ...

A proposed merger agreement’s rights and obligations were in the nature of services, so a fee paid to terminate was not ...

The IRS “one-time forgiveness” refers to the First-Time Penalty Abatement program, offering relief from certain penalties for compliant taxpayers.

Employers are already adapting their overtime and payroll strategies now that the law is in effect. What Is “No Tax on ...

Foreign investors can access treaty relief and lower tax rates by establishing genuine management and control in Singapore.

Roger Ver, known as “Bitcoin Jesus,” has agreed to pay $48 million to settle tax evasion charges and avoid jail.

"No tax on tips" has been a pillar of President Donald Trump's economic agenda since the lead-up to the 2024 presidential ...

Come Sept. 19, New Castle County released new resource guide, fit with frequently asked questions for 2025 Delaware property ...

New Castle County has delayed issuing supplemental school tax bills to property owners until about mid-October. The deadline for property owners to pay remains Nov. 30. Payment plans for school taxes ...