by Internal Revenue ServicePhoto courtesy of American Public Power Association on UnsplashThe Internal Revenue Service warned taxpayers not to fall victim to a new emerging scam involving buying clean energy tax credits.In... Read more »
The Department of Finance (DOF) unveiled a refined proposal on Thursday to simplify the tax structure for passive income and certain financial instruments. The plan, aimed at boosting the country’s financial market,... Read more »
MANILA, Philippines —Tax cuts on passive income—proposed to deepen local financial markets—may have to wait until the twilight of the Marcos administration in 2028 due to the current lack of fiscal space,... Read more »
Canadians continue to have a difficult time making ends meet, and some are doing something about it. Whether that’s getting a side hustle or cutting back, Canadians don’t believe 2024 will start... Read more »
No matter who you are or what tax bracket you’re in, one thing is true: You want to take advantage of as many legally authorized tax breaks as you can. If you... Read more »
The historic expansion of clean energy tax credits in the Inflation Reduction Act has received much attention, but the options to monetize those tax credits have received much less. Most buyers into... Read more »
This past summer, the Treasury and Internal Revenue Service (IRS) published proposed Treasury Regulations (88 FR 40528 and 88 FR 40496) under two key provisions of the Inflation Reduction Act of 2022... Read more »
A tax treaty between the United States and France could provide a foreign tax credit (FTC) against the net investment income tax (NIIT) imposed under I.R.C. §1411, held the Federal Claims Court,... Read more »
Owning rental real estate can be a great way to supplement the income you receive from your regular job. Investing in rental property can generate recurring cash flow, help build long-term wealth... Read more »
Question: I am a student and have no income except the interest which I get from bank FD. The money was given by my father. Can I give form 15G to avoid... Read more »