Prediction markets like Kalshi and Underdog may offer significant tax advantages over sports betting under the IRS 60/40 rule ...
The IRS does not count animals as dependents. Instead, the federal government views them as property. Dependents are often ...
The U.S. tax code rewards planning and documentation—not procrastination. By taking action before December 31, you can ...
New York resident and lawyer Amanda Reynolds cites Section 152 of the Internal Revenue Code, arguing that her dog Finnegan ...
A New York lawyer is challenging the IRS in federal court. She wants to claim her golden retriever, Finnegan, as a tax ...
Nana Ama Sarfo questions whether two tax proposals targeting the digital economy could be targeted as discriminatory ...
Discover how Section 1259's Constructive Sale Rule impacts capital gains tax by categorizing certain investment maneuvers as ...
Notice 2026-1 (the Notice) provides important guidance under Section 45Q of the Internal Revenue Code of 1986, as amended (the Code), for taxpayers claiming that carbon oxides are stored in secure ...
Thoughtful tax advisers are always wary of planning approaches that seem “too good to be true.” Making such a determination ...
Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.