Under Section 1244 of the Internal Revenue Code, losses from the sale of these shares can be deducted as ordinary losses rather than capital losses. This tax benefit is available up to a maximum ...

Section 1250 of the U.S. tax code applies to gains from the sale of depreciated business real estate. If a property was ...

Tax-exempt organizations with UBTI must pay corporate or trust tax rates. The Internal Revenue Code (IRC) Section 501 grants tax-exempt status to a variety of tax-exempt and mutually beneficial ...

Courts are wont to say that Section 2116 of the California Corporations Code codifies the internal affairs doctrine. See ...

The Internal Revenue Service ordered most of its approximately 20,000 customer service employees back to the office this week, ending a long era of hybrid and remote work. There was just one pro ...

The Internal Revenue Service (IRS) recently issued Private Letter Ruling (PLR) 202504006, addressing several important estate and gift tax ...

By Andrew Duehren Reporting from Washington The Trump administration replaced the top lawyer at the Internal Revenue Service, according to three people familiar with the change, in a shake-up that ...

In its recent decision in Lashify, Inc. v. International Trade Commission, the Federal Circuit opened the door for patent ...

IndoBevs Pvt. Ltd, the maker of wine cooler Bro Code and an importer and bottler of premium international spirits, expects to double its revenue by fiscal year 2027 (FY27) to ₹700 crore on the ...

The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...

On March 5, the US Court of Appeals for the Federal Circuit issued a decision in Lashify, Inc. v. International Trade ...

Yet the private sector leaders advising President Trump on ways to increase government efficiency are deploying this exact approach by targeting the Internal Revenue Service, which collects ...