Disclosure is a type of extra explanation. You are required to disclose enough detail to tell the IRS what you are doing. But ...

As the cannabis industry matures amid a patchwork of state legalization and conflicting federal laws, tax enforcement has emerged as a complex and critical issue for cannabis companies and their ...

As the IRS faces dramatic staffing cuts, wealthy tax cheats are finding it easier than ever to skip paying their fair share.

The election of Pope Leo XIV, a U.S. expat, serves as a timely reminder for all Americans overseas to ensure they're ...

The interest and penalties will also compound over time, so even a modest tax debt can quickly turn into an overwhelming ...

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O’Riordan said CRA staff “are aggressive auditors by international standards, especially on international tax, transfer pricing ... U.S., they’re doing all they can to gut the [Internal Revenue ...

But aggressive efforts to dismantle the IRS combined with ... income to the tariff-income tax trade-off are unlikely to find much help from improved economic and employment conditions.

Under the Income Tax Act, the CRA may impose gross negligence penalties when a taxpayer knowingly or carelessly makes a false statement or omission in their tax return. O’Riordan said CRA staff “are ...

In the years since COVID-19 shut down the country, many businesses applied for the Congressionally-authorized Employee ...

In a summer marked by massive layoffs and federal cuts, you might be wondering how these changes affect your financial future ...