On July 23, 2025, the Internal Revenue Service ("IRS") issued interim guidance announcing changes to the Large Business & International ...

The proposal was one recommendation featured in a 168-page White House crypto report published by the Trump administration on ...

Overview: The One Big Beautiful Bill Act (OBBB) renamed Global Intangible Low-Taxed Income (GILTI) to Net CFC Tested Income ...

The abrupt switch to direct deposit for all tax refunds also could catch less-obvious taxpayers by surprise. In this episode ...

President Donald Trump said Wednesday that he’ll impose a 25% tariff on goods from India, plus an additional trade tax beginning Friday, because he says India’s purchasing of Russian oil is ...

Understanding India’s income tax landscape can help charities ensure compliance, optimise tax benefits, and enhance their ...

OVERVIEW OF THE REMITTANCE TRANSFER EXCISE TAX - Do you effect transfers of funds for US residents to recipients abroad? If so, ...

Resident Indians classified as “Resident and Ordinarily Resident” (ROR) are required to disclose all foreign assets, including mutual funds, shares, and overseas bank accounts, under Schedule FA of ...

As an American living abroad, you may have experienced firsthand the challenges of finding a financial institution willing to ...

Baker McKenzie practitioners analyze the OBBBA’s restoration of §958(b)(4) that reversed the TCJA’s repeal thereof and ...

The IRS is reportedly building a software system for ICE to access tax info in real‑time, raising concerns of privacy violations and wrongful deportations.

The agency could close the estimated $118 billion employment-tax gap, among others, and dedicate the money to the trust fund.