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FEDERAL TAX LAW
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 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...
- As Democrats eye big midterm wins, Republicans look to turn the tables in some House districtsRepublicans are focusing on pivotal congressional races as they seek to gain ground in the midterms. Key issues include immigration and eco...
- ‘Mar-a-Lago face’: Susan Dell, wife of Dell CEO, goes viral after White House appearance with TrumpSusan Dell and President Donald Trump recently appeared to promote Trump Accounts, providing investment funds for children. The initiative ...
- Supreme Court seeks committee to curb pharma firms’ unethical marketing practicesThe Supreme Court has directed the government to form a committee regarding pharmaceutical marketing regulations. This follows concerns ove...
- Donald Trump is considering an 18.4-cent gas tax cut, but will the savings reach your wallet?Trump’s proposal could offer some relief as prices climb. But the savings would likely be modest. Drivers may save a few dollars each time ...
- Before you itemize, check this: 2026’s $16,100 standard deduction could beat your write-offsThe IRS has raised the 2026 standard deduction to $16,100 for single taxpayers, with higher amounts for married couples and heads of househ...
- Separatist Parti Quebecois wins Quebec election, puts independence back on agendaThe Parti Quebecois has regained power in Quebec's provincial election, ending eight years of Coalition Avenir Quebec rule. Paul St-Pierre ...
- 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 ...
- Industrial alcohol is the GST Council's unfinished federal business: States won the legal fight, but the 18% GST still appliesThe GST Council is set to meet regarding the regulation of industrial alcohol, which has been contested between the government and states. ...
- “God Made Trump, the Country He Loves”: 13 taxpayer-funded ads and $20 million campaign revealed as Trump’s unusual ad blitz expandsThe Trump administration is actively utilizing 13 taxpayer-funded, campaign-style ads to promote its policies. These advertisements showcas...
- Sell your stocks too soon and you may pay more: How long you hold an asset changes your 2026 Capital Gains Tax, and timing matters hereThe baseline for tax planning in 2026 relies on shifting retirement contribution limits. The IRS adjusted these thresholds, altering the ca...
- More than 1,400 years ago, China challenged hereditary privilege with civil service exams; centuries before Max Weber explained the bureaucracy modern states rely onIn 581 CE, Emperor Wen of the Sui Dynasty abolished China's Nine-Rank System, an ancient framework that reserved civil appointments for lan...
- Trump administration sued over alleged restrictions on overseas Americans’ voting accessThe Democratic National Committee has sued the Trump administration over changes to an overseas voter registration form that it says could ...
- In Iowa, soaring cancer rates emerge as a key midterms issueCancer has emerged as an unusual bipartisan campaign issue in Iowa’s midterm races as the state confronts the second-highest cancer rate in...
- Do banks report deposits over $10,000 to the IRS? What really happens when you cross the cash reporting thresholdA cash deposit exceeding $10,000 in a single day triggers an automatic report to the federal government. Financial institutions do not make...
- 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.
- Anti-betting law fails. A lesson for crypto?India’s online betting ban has failed to eliminate illegal gambling, with offshore networks continuing operations despite strict laws. The ...
- What happens if Social Security payroll taxes rise to 17%? The 2032 funding deadline could put thousands of dollars at stake for workersA higher Social Security tax could eventually take a noticeable bite out of workers’ paychecks. One estimate says closing the program’s lon...
- What is the proposed $2,400 Social Security increase? Is it separate from the annual COLA, and when could beneficiaries actually receive the extra $200 each month?Have you heard about Senator Bernie Sanders’ proposal for a new Social Security hike? His plan would add $200 to monthly benefits, which co...
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