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INTERNAL REVENUE SERVICE RULING
In 1942, a woman inherited property worth $33,650, its value rose to $95,000, then a mother-son ownership arrangement triggered a US estate-tax disputeThe dispute reached the US Court of Appeals for the Fourth Circuit, which ruled on November 1, 1967, in favour of the Internal Revenue Serv...- AI services may account for almost half of Infosys' work in 2-3 years: CEO Salil ParekhParekh said the business, which includes building AI agents, coding work and modernising old technology for clients, is small relative to t...
- US stocks: Citi profit jumps 40% with higher investment banking, services and wealth revenueCitigroup has reported a remarkable 40% jump in its third-quarter profits year-over-year, despite some declines in other areas. Trading rev...
- CureMeAbroad revenue grows 4.4X across Q1 and Q2Initially specializing in cosmetic procedures, the company is now set to broaden its scope by incorporating orthopaedic and dental treatmen...
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
- SIMPLE IRA catch-up contributions 2026: Who can save up to $5,250 extra?SIMPLE IRA catch-up contribution limits for 2026 allow eligible workers aged 60 to 63 to contribute up to $5,250 extra toward retirement. L...
- AI revenue should offset traditional services deflation: TCS CEO K KrithivasanDue to the continuing pressure on companies amid geopolitical strife, TCS is assuming client budgets will not rise. It is, however, banking...
- Manipur CM seeks Congress MP Bimol Akoijam’s resignation after JNU dismissalYumnam Khemchand Singh has called for Angomcha Bimol Akoijam's resignation following his dismissal from Jawaharlal Nehru University. The di...
- 'Lost moral authority to continue': Manipur CM demands Akoijam's resignation as MPManipur CM Y Khemchand Singh, Congress MP Angomcha Bimol Akoijam, JNU sexual harassment case, JNU professor dismissal, Angomcha Bimol Akoij...
- India's TCS senior staff will miss out on variable pay for September quarter, memo showsIn a groundbreaking decision, Tata Consultancy Services has announced that senior employees, specifically those at the C3A grade and higher...
- Airtel ARPU will cross Rs 300 very soon, need to upgrade customers, says CEO Shashwat SharmaBharti Airtel plans to raise its average revenue per user through an increase in postpaid subscriptions. The company aims to grow postpaid ...
- In 2005, a US couple sold their farm during bankruptcy, IRS sent them a tax bill, Supreme Court settled who paysThe case, Hall v. United States, involved Lynwood and Brenda Hall, who filed for bankruptcy under Chapter 12 of the US Bankruptcy Code in A...
- In 1977, US couple swapped apartment building, transferred property to a partnership the same day: Why a court told IRS their tax break staysThe US Court of Appeals for the Ninth Circuit upheld the decision in favour of Norman J. and Beverly G. Magneson in February 1985, rejectin...
- TCS Q2 profit rises 15% to Rs 13,884 crore as AI revenue doubles; growth remains subduedTCS reported a 15% year-on-year rise in September-quarter net profit to Rs 13,884 crore, while revenue grew 11.2% to Rs 73,188 crore. AI se...
- BLS International partners with Signzy to enhance fraud detection in visa processing servicesBLS International has partnered with Signzy to improve its visa and consular services through advanced technology. This collaboration integ...
- TCS Q2 results: Profit rises 15% YoY to Rs 13,884 crore; co declares dividend at Rs 12 per shareTCS Q2 Results 2026: IT services major Tata Consultancy Services (TCS) reported 15% year-on-year (YoY) growth in its consolidated net profi...
- Trump administration proposes a $70,000 fee for international students to work in the USThe US Department of Homeland Security has proposed significant fees for foreign students participating in the OPT program. Schools would p...
- In 1979, Oregon family sold 1,843 acres, IRS demanded tax, then mostly lost: How a ruling changed tax-deferred property exchangesBack in 1967, an Oregon family's sale of their 1,843 acres of timberland sparked a major dispute with the IRS. The case ended up in the Nin...
- New FEMA can be fatale for e-shoppersEffective from October 1, new rules by Fema are causing apprehension over individual digital service purchases. Banks will now need to repo...
- Estate tax exemption for 2026 is $15 million: Here’s what families need to know about the IRS rules and $19,000 gift limitThe 2026 estate tax exemption is $15 million, while the annual gift tax exclusion remains $19,000 per recipient. Here’s what the IRS rules ...
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