The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use multiple non-grantor trusts to maximize deductions and enhance estate planning.

Tucked into the huge set of tax cuts that Republicans passed into law this month was the expansion of an unusually valuable ...

A confidential investigation by the Income Tax Department has revealed a disturbing trend of radical Islamic expansion along ...

The U.S. Education Department said on Tuesday it opened a foreign funding investigation into the University of Michigan while ...

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and ...

Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations make compliance more difficult.

The IRS is ramping up crypto tax enforcement, sending warning letters to US investors over suspected discrepancies.

As a non-resident, transferring foreign assets into a foreign trust will not trigger any tax liability for you in India.