The Indian tax office has widened the scope of assets that must be reported. Beginning on January 1, crypto‑assets are now treated as financial holdings for tax purposes. This change follows a March 5 announcement that redefined what counts as a “financial asset. ” The new definition now covers digi
A family in Kansas has taken a nonprofit to court over a $21 million donor‑advised fund (DAF) that was started by the father in 2005. The son, who has been the sole advisor since his mother’s death, says the sponsor—WaterStone—has stopped letting him see the account and has ignored his grant request
The Supreme Court sat on a case that asks whether a county can force a homeowner to sell their house at a low auction price instead of letting them find a buyer on the open market. The core question is whether the government must give the homeowner the full value of their property or only enough
Germany is looking for opinions on new tax rules. These rules are about something called a "permanent establishment. " This term is important for businesses that operate in more than one country. The goal is to make sure everyone understands when a business has a permanent establishment in Germany.
"Jarrett S. Kalish, once a judge in New York City's tax court and adviser to the city’s finance department, has opened Kalish Law LLC. The company promises a mix of tax advice and dispute solutions for businesses and public groups. Kalish’s background in government, court work, and big law firms sh
A married pair ran several projects under a single LLC. They built houses on their big farm, made an app to help people stop using the internet too much, and even tried a quick mulching side job. After filing taxes for 2017‑2019, the IRS said their business expense claims were not allowed. The coupl
Anchorage is in a bit of a pickle. The city needs more money to cover things like schools, roads, and safety. But there's a law from way back in 1961 that stops Anchorage from taxing people's income. This law was made to keep income tax only at the state level. But times have changed, and Anchorage
In 2025, the tax world saw some unusual developments that left many scratching their heads. One of the most talked-about topics was the debate around tips and pornography. The IRS proposed regulations that excluded tips from illegal activities, including prostitution and pornographic activities, fro
California's tax authorities have expanded their reach, catching a Delaware-based LLC in their net. The company, Diet Standards LLC, uses Amazon's Fulfillment by Amazon (FBA) program. They store inventory in Amazon's California warehouses. From there, Amazon ships orders to customers. The California
Scams are everywhere, and they're getting smarter. It's not just about the money you lose. It's about the mess it leaves behind. Take Larry, for example. He and his wife saved over a million dollars. It took them a lifetime. But scammers took it all in just six months. And that's not even the worst
