Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations make compliance more difficult.

Schedule FA (Foreign Assets) in the ITR form is primarily meant for reporting foreign assets, and Schedule FSI (Foreign Source Income) is meant for reporting income from foreign sources.

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and ...

From crypto coins to bibles, overseas development deals to an upcoming line of cellphones, President Donald Trump's family ...

UK Cabinet Office Minister Pat McFadden has called for election officials to consider banning political donations made in digital currencies.

A confidential investigation by the Income Tax Department has revealed a disturbing trend of radical Islamic expansion along the Indo-Nepal border. The report, sent to the Union Home Ministry earlier ...

Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

The spotlight is on the Capital Markets Efficiency Promotion Act (CMEPA), signed into law by President Ferdinand “Bongbong” ...

Banks this month started to implement the uniform 20% final withholding tax (FWT) on interest income, regardless of the term ...

Thailand’s crypto tax holiday runs through 2029, but only for trades on licensed platforms. Here’s what traders must know ...

SARS tax season opened with technical problems, but major updates to filing rules and form changes are now in effect.