In a letter ruling, the IRS determined that a recreational community club was not a qualified amateur sports organization.

ITAT Nagpur held that rejecting application for registration u/s. 10 (23C) of the Income Tax Act for the acts which have not ...

The Revenue’s cross-objection was also allowed for statistical purposes, with certain aspects remanded back to the Assessing Officer (AO) for further verification. The case originated from a ...

As most states recognize bullion and coinage as a legitimate medium of exchange, some lawmakers are moving to revoke tax exemptions—sparking concern among collectors and investors.

Baltimore Mayor Brandon Scott’s proposed budget sends millions of taxpayer dollars to the Baltimore Children and Youth Fund, which in turn sends about half back to the city.

Social Security benefits are taxed based on your marital status and provisional ... out if you qualify for an exemption in Connecticut. In addition to Connecticut, eight other states tax Social ...

A taxpayer-funded nonprofit in Baltimore announced an end to its management program for local charities last month, but documents show the group struggled financially for years, according to an ...

Nonprofit, not-for-profit, and for-profit organizational structures have different implications for your taxes, corporate ...

Key takeawaysUS crypto investors must file their 2024 tax returns by April 15, 2025, ensuring all crypto transactions are ...

Members of the Trump Administration and Congress have recently discussed the idea of waiving all taxes for those making less ...

In almost 10 years of yammering, “Make America great again,” President Donald Trump has yet to delineate what that great America would entail. Here’s my take: • News and information presented via ...