The IRS has published a private letter ruling on Section 1362, concluding that the event causing the termination of the taxpayer’s S corporation election was not reasonably within the control ...

The new requirement, which is being implemented after a two-year delay, applies to such P2P apps as PayPal, Venmo, and Block ...

On December 17, 2024, the House Ways and Means Committee and the Senate Finance Committee presented two bills – the Paperwork Burden Reduction Act ...

More than 13,000 high street shops closed their doors for good in 2024, new figures show – the equivalent of 37 closures ...

With 2025 just around the corner, several new laws and regulations will be taking effect that will impact many across Ontario ...

More warehouses could be coming to Merrillville, but some residents don’t want their holding company to get the tax ...

Learn about the best tax write-offs for small businesses and self-employed individuals to maximize your deductions and reduce ...

The economic outlook of the Los Angeles area, with a population larger than most states, has been clouded in recent years by ...

Donald Trump, whose own wealth has been estimated to top $5 billion, is bringing on a series of billionaires to join his administration. The most prominent is Elon Musk, who is taking an outside role.

The best time to buy an electric vehicle may be right now. That’s because a $7,500 federal tax credit could soon disappear.

A recent survey shows small business owners are feeling more optimistic about the economy following the election. The ...

Last week, we covered what went right. But enough positivity. Here are the entertainment industry’s top debacles, failures, ...