The IRS published final regulations clarifying the Federal tax classification of entities wholly owned by Indian Tribal governments. The regulations provide that entities wholly owned by Tribes and ...

THE Bureau of Internal Revenue (BIR) on Monday began destroying illicit vape products with an estimated tax liability of P1.34 billion. A total of 448,494 units, to be crushed over a three-day period, ...

With inflation adjustments, expanded credits, and several changes tied to the One Big Beautiful Bill (OBBB), taxpayers may ...

The Ellsworth Excise Tax Coalition was formed to address the impact of increased construction at the base on local roadways. The coalition aims to pass legislation in 2026 to allocate up to $8 million ...

The government has amended the Central Excise Act to substantially increase duties on tobacco products. Excise on cigarettes will now range from Rs 2,700 to Rs 11,000 per thousand sticks, a move aimed ...

The House Ways and Means Committee passed three bills aimed at bolstering taxpayer rights. Your complimentary guest account includes access to a limited number of articles. Accounting Today is a ...

Required Minimum Distributions are supposed to be a routine part of retirement, yet a handful of subtle missteps can quietly ...

The final rules also refine how companies calculate their annual buyback base using netting. Netting allows issuers to offset repurchases with qualifying stock issuances in the same tax year. The IRS ...