The new “no tax on tips” and “no tax on overtime” deductions require additional reporting by employers and payers. To help, ...

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...

GE Vernova Hitachi Nuclear Energy (GVH) and Samsung C&T, a leading construction and engineering company, announced a strategic alliance to advance deployment of the BWRX-300 small modular reactor (SMR ...

The two companies will work together to advance the deployment of BWRX-300 small modular reactors in strategic global markets outside North America, with a focus on developing the supply chain and ...

Each year, the IRS updates tax brackets and related thresholds to reflect inflation. Under the One Big Beautiful Bill Act, the estate tax basic exclusion amount will increase to $15,000,000 in 2026, ...

FILE - Social Security Commissioner Frank Bisignano speaks during an event with President Donald Trump in the Oval Office to mark the 90th anniversary of the Social Security Act, Aug. 14, 2025, in ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

A federal court this week struck down a controversial Internal Revenue Service “facts and circumstances” test for nonprofit tax-exempt status, calling it unconstitutionally vague and opening the door ...

The time it takes to receive a federal income tax refund could drag out six weeks and more next year for many people who are bound and determined to receive a paper check in the mail. Beginning next ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...