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Accounting Today2h
Tax pros need to double down on due diligence
Practitioners are working to get clients in line so they can fulfill IRS requirements to prove their clients qualify for ...
Will we get a stimulus check in 2025? Status update on Trump stimulus checks this year
When are we getting a stimulus check in 2025? Here's status update on Trump stimulus checks and how to track your IRS checks ...
Accounting Today2h
Tax Fraud Blotter: Wholesale fraud
Book'im; out of Service; what a pill; and other highlights of recent tax cases.
Crain's Chicago Business7h
Cash-strapped Illinois weed businesses 'bet the farm' on a risky tax strategy to save millions
A new business strategy has entered the legal cannabis trade: claiming exemption from a burdensome federal tax provision that ...
Crain's Cleveland Business3h
Cash-strapped Ohio weed businesses 'bet the farm' on a risky tax strategy to save millions
“For us, it's millions. For the industry, it's billions in terms of cash flow,” said Mario Pinho, CFO of Massachusetts-based MariMed Inc., which operates a dispensary under its Thrive brand in the ...
JD Supra1h
Offshore Real Estate Ownership and Tax Reporting Requirements
What do you need to know about offshore real estate ownership and any associated tax reporting requirements? Are you a U.S.
Government extends ITR filing due date from July 31 to September 15
The CBDT on Tuesday informed that it has extended the due date for filing ITRs from July 31st to September 15, 2025 for the ...
'Is this a good tax strategy or a sham transaction?' My mother wants to give me her home. I have a plan to avoid taxes.
If your mother purchased the home for $100,000 and it's now worth $800,000, gifting the home to you assumes that the tax basis in the property is $100,000, not $800,000 and/or the value at the time of ...