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IRS Quietly Ends the Delinquent FBAR Submission Procedures: What American Taxpayers with Unreported Foreign Accounts Should Do Now
No IRS relief program is permanent, and the agency rarely gives taxpayers advance warning before one disappears. On July 1, 2026, that lesson repeated itself: the IRS quietly eliminated the…
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U.S. State Tax Amnesty Programs in mid-2026: What Businesses and Multistate Taxpayers Need to Know to Avoid Penalties
The 2026 State Tax Amnesty Landscape State tax amnesty 2026 programs are now live, closed, or opening soon in five states. New Hampshire opened and closed a statewide amnesty before…
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How the Principal Residence Tax Exemption Works in Canada: Eligibility Requirements, Property Flipping Rules, and Common CRA Tax Traps
The principal residence exemption can eliminate some or all of the tax payable on the sale of a qualifying home, but the exemption is subject to detailed statutory requirements and…
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When the IRS Charges Rappers with Tax Evasion in the United States: What Celebrities and High-Income Earners Need to Know
Rapper Tax Evasion in the United States: High-Profile Cases and What the IRS Is Looking For Tax evasion in the music industry has become one of the most publicly scrutinized…
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Is Student Loan Forgiveness Taxable in Canada? No! Tax Court Rejects CRA’s Attempt to Tax Forgiven Student Loans in Tchiakoua v. The King, 2026 TCC 113
Overview – Is Student Loan Remission or Forgiveness Taxable in Canada? Tax Court Decision in Tchiakoua v. The King The Tax Court of Canada decision in Tchiakoua v. The King,…
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Indiana Tax Amnesty 2026: Deadlines, Eligibility Rules, and How to Resolve Indiana Back Taxes Before September 9
Overview: Indiana Adopts Interim Final Rule for Tax Amnesty 2026 On June 17, 2026, the Indiana Department of Revenue (DOR) adopted an interim final rule establishing the procedures and eligibility…
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CRA Disability Tax Credit: How Type 1 Diabetics Can Secure Retroactive Refunds
How the Disability Tax Credit Applies to Type 1 Diabetes in Canada For years, Canadians living with Type 1 diabetes faced an uphill battle to obtain the federal Disability Tax…
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King Charles Taxation and Canadian Comparisons: Voluntary Compliance, Crown Privilege, and Tax Transparency
King Charles Tax Disclosure, Canadian Crown Exemptions, and Voluntary Tax Compliance: An Overview In a development described as historically unprecedented, King Charles III has announced that he will publicly disclose…
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FIFA World Cup 2026 and US Tax: What American Homeowners, Residents, Foreign Nationals, and Athletes Need to Know
A comprehensive guide to short-term rental income, the 14-day rule, FDAP withholding, the W-8ECI election, sports betting taxation, side hustle reporting, the jock tax, Central Withholding Agreements, and IRS enforcement…
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Why Tax Lawyers Have a Secret Weapon Against the CRA & Accountants Don’t: Solicitor-Client Privilege and the Limits of CRA Audit Powers in Minister of National Revenue v. KPMG Canada LLP
Overview: Accountant Privilege, CRA Compliance Orders, and the Income Tax Act The Federal Court’s June 12, 2026 decision in Minister of National Revenue v KPMG Canada LLP, T-139-26, is a…
