On November 21, 2025, the Internal Revenue Service (IRS) issued Notice 2025-69, providing guidance and clarification on the ...

The analysis was prepared by Black Ink Tax & Accounting's compliance and reporting team and is based on the final statutory language now in effect. The firm issued the report in response to increased ...

Final regulations provide comprehensive guidance for tax reporting of transactions involving these increasingly common assets, and the IRS has granted transition relief in key areas.

IRS is warning millions of Americans about rising identity theft and tax scams this Christmas. Holiday shopping plus tax ...

Taxpayers who make frivolous arguments in Tax Court risk the imposition of penalties by the court of up to $25,000.

Black Ink Tax & Accounting today announced the release of a formal post-enactment analysis of the One Big Beautiful Bill Act (OBBBA), which was ...

President Trump's promise of "no tax on tips" and "no tax on overtime" is finally moving from campaign slogan to practical reality, as the Internal Revenue Service begins spelling out how workers and ...

Trump accounts offer a new tax-preferred way for families to save money for their kids. Here are the pros and cons.

Studying in the US is a dream for thousands of Indian students each year, but it also comes with important tax ...

The Trump Accounts, created under Trump's Big Beautiful Bill, will include a $1,000 deposit from the administration for any ...

Timing Is Everything: When to File Your 1040-X If you find yourself in a dilemma needing to change a tax return, here is what ...

Prime Minister Shehbaz Sharif on Tuesday gave instructions to take up the issue of reduction in some of the income taxes with the International Monetary Fund (IMF) after his income tax panel proposed ...