Taxpayers stand to benefit from a 45-day extension for filing returns due to significant ITR form changes in Budget 2024.

Chimera Investment Corp. has entered into an agreement to acquire HomeXpress Mortgage Corp., adding an origination platform ...

What is an Equipment Sale Leaseback? An equipment sale leaseback is a financial arrangement where a company sells its ...

The analysis, requested by top Democrats, gives fuel to Democrats’ attacks on the bill that it would lead to gains for wealthy Americans while taking away benefits for lower-income people.

Under Regs. Sec. 1.987-15, the 2024 final regulations generally apply to tax years beginning after Dec. 31, 2024, as ...

For securities available for sale, report unrealized gains and losses as other comprehensive income, which appears below net income on the income statement. You accumulate other comprehensive ...

Another item for U.S. inpatriates to consider is potentially having to pay taxes on foreign currency gain when they pay off their non – U .S. mortgage. If an individual pays off a non – U .S. mortgage ...

City Developments will be selling its 50.1% stake in South Beach development to joint venture partner IOI Properties Group ...

Filing your ITR doesn’t end your tax journey—receiving a notice from the Income Tax Department is more common than you think. This comprehensive explainer breaks down why notices are issued, how to re ...

A commonly used accounting trick could be obscuring significant risks in the U.S. banking system by papering over the ...

Nuveen Taxable Municipal Income Fund invests in long-tenor, taxable municipal bonds, using leverage to boost returns. Check ...

Getty Images, Chris Hondros / Staff Both capital gains and dividend income are sources of profit ... are considered long-term capital gains upon sale. Tax is calculated only on the net capital ...