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US TAX COURT
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...- ETSA champions show the great Indian dream is all home-brewed and visa-free: Union Minister Piyush GoyalIn a candid conversation with ET’s Deepshikha Sikarwar, he spoke about India’s trade deals, India-US relations, foreign investment, and how...
- Trump's tariffs fuel factory job losses, threaten Republican support ahead of US midtermsJob losses in battleground states have led to political shifts among workers who previously supported Republicans. This includes individual...
- Trump sticks with tariffs even as US voters turn against them before the midtermsUS President Donald Trump's tariff policies are facing growing economic and political challenges ahead of the November 3 midterm elections,...
- Great civilisations: Built on trade, but wary of tradersChina ranked people in four groups: scholar, farmer, artisan, merchant. Shi, nong, gong, shang. The idea is old, found in the Guanzi. The s...
- US midterm elections: Who is Abdul El-Sayed? The Egyptian-American Rhodes scholar and public health expert taking on Republicans in Michigan’s Senate raceAbdul El-Sayed took an unusual route to American politics. Trained in medicine and public health, he spent years studying why people get si...
- 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...
- In 1972, US investor received property, agreed to swap it same day, IRS challenged his tax treatment: Why court couldn't tax the exchangeThis case involves Joseph R. Bolker and his property called Montebello. Things got complicated and the issue eventually went all the way to...
- 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...
- Fast-track permits turn Spain's Aragon into a $70 billion data centre magnet, but at what cost?Aragon, a sparsely populated region of northeast Spain, has become one of Europe's fastest-growing digital infrastructure hubs due to what ...
- Irish company tax ruling offers capital gains relief hope to foreign investorsIn a noteworthy decision, the Income Tax Appellate Tribunal has exempted Fireeye, an Irish company, from capital gains tax on an indirect t...
- Rick Ross’ luxury lifestyle: $35 million star island mansion, $5.8 million Promise Land. Rapper rides Maybach 57S, Rolls-Royce and moreRick Ross has proven to be a savvy real estate investor, amassing an impressive portfolio of high-end properties. Among his most extravagan...
- Foreign capital is slipping away. Can India lure investors back?India faces a tougher battle for foreign capital as FPI outflows rise and global investors shift money towards AI, semiconductors and manuf...
- Coyote vs Acme OTT release date update: When and where to watch the courtroom comedy featuring Looney Tunes characters. Check streaming detailsCoyote vs. Acme is finally moving beyond its theatrical run after a long and unexpected journey to the big screen. The Will Forte and John ...
- Moving from UAE to India? 6-step financial homecoming guidebook to manage tax residency, bank accounts, Dubai property, and gratuityTax residency, bank accounts, Dubai property and gratuity all need sorting before and after you fly home.
- In Brazil, frustration over cost of living undermines Lula's reelection bidKleyton Zacarioto, a butcher, expresses frustration with high food prices impacting household budgets ahead of elections. Incumbent Preside...
- Trump administration uses rare authority to claw back nearly $1B in spending approved by CongressPresident Donald Trump is canceling nearly $1 billion in spending approved by Congress, targeting programs for immigrants, migrant students...
- European Union vows to defend its stand against X after the US backs a court challenge from Elon MuskThe European Union imposed a significant fine on social media platform X for regulatory violations. Following this, the U.S. government exp...
- US citizen received Rs 30 lakh income tax demand notice in India, was denied India-US DTAA relief due to a mistake: Know how she won at ITAT DelhiRs 30 lakh income tax demand notice and India-US DTAA benefit denied to US citizen; she fights and wins case in ITAT Delhi; Know how
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