The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.

Corporate tax rates differ widely around the world, with the global average being 23.58%. Here are the countries with the highest and lowest taxes—or no taxes at all.

A corporation’s annual charitable contribution deduction cannot exceed 10% of the corporation’s taxable income Sec. 170 (b) (2) (A)), computed without regard to the following (Sec. 170 (b) (2) (D)): ...

You can apply for First Time Abate relief by calling the IRS, sending a written statement or filing Form 843, Claim for Refund and Request for Abatement. If your penalty is removed, the IRS also ...

COLUMBUS, Ohio — Six new business projects proposed by JobsOhio have received approval from the Ohio Tax Credit Authority, including two in Cuyahoga County, with officials promising the creation of ...

Tax-filing season is officially open this year — and taxpayers age 65 and older may get an additional $6,000 deduction when they file a return.

The 2026 tax season opened Jan. 26, and there are a few new federal withholdings filers need to be aware of.

Learn how comprehensive tax allocation reconciles tax and financial reporting, uncovering discrepancies in income, expenses, ...

The deadline to submit and pay your business license tax is fast approaching. February 28 is the final due date for Renewals after that date will be subject to a 20% per month penalty. The City of ...