But there’s good news. Those losses can actually wipe out your tax liability if used wisely. For taxpayers dealing with both long-term and short-term capital losses in FY 2025–26, the Income ...

Under the Republicans’ proposal, a popular consumer tax credit of up to $7,500 for the purchase of an electric vehicle would be fully eliminated by the end of 2026, and only manufactures that ...

the price of different components of the supply should not be separately identified or charged by the supplier. If the tax invoice – or, the quote or the underlying contract - reflects the price ...

The benefits of CCOs as coordination devices can make them optimal even if CCOs entail deadweight losses; if the latter are large, however, CCOs are detrimental for welfare. We show that optimal CCOs ...

When his barrage of these import taxes went into overdrive a month ago ... Reports of US ports empty of ships have stirred further worries about supply shortages and empty shelves in the coming ...

Even if a loss cannot be claimed federally, it may still be applied against a taxpayer’s state income tax in certain cases. The TCJA limitations imposed on IRC section 165 are currently set to expire ...

"The updated ITR-7 form for AY 2025–26 signals a strong step towards improving tax compliance for trusts and institutions. By introducing enhanced capital gains reporting aligned with Budget 2024 ...

In the year to 30 th November 2024 Durkan Ltd made a pre-tax loss of £8.3m on turnover down 19% at £138.0m (2023: £170.5m). This follows pre-tax losses of 4.6m and £12.4m in 2023 and 2022.