-
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…
-
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,…
-
What are the IRS Digital Asset Reporting Rules (2026)? Form 1099-DA, Crypto Tax Compliance, & IRS Enforcement Risks on Crypto Currencies
Overview: IRS Digital Asset Reporting Framework and Form 1099-DA Compliance The Internal Revenue Service (IRS) has implemented a comprehensive digital asset reporting framework centered on Form 1099-DA, fundamentally transforming how…
-
U.S. Cryptocurrency Tax Losses and Business-Style Trading: How Ordinary Loss and Capital Loss are Treated Under U.S. Tax Law
U.S. cryptocurrency tax law continues to evolve unevenly, particularly where taxpayers seek to deduct significant digital asset losses as ordinary losses rather than capital losses. Unlike Canada, where courts have…
-
401(k) and IRA Contribution Limits for 2026: Retirement Savings, Adjustments for Inflation, and SECURE 2.0 Changes American Taxpayers Must Know About
The U.S. Internal Revenue Service has released updated 2026 retirement-plan contribution limits for 401(k)s, IRAs, and related tax-advantaged and tax planning vehicles. The increases are driven by inflation adjustments and…
-
The Evolution of Administrative Tax Penalties in Canada and Why it Matters to Canadians: From Guindon to Bozzer and Beyond
Introduction: CRA Administrative Penalties and the Canadian Courts Administrative tax penalties have become one of the Canada Revenue Agency’s (CRA) most powerful enforcement tools. Since the Supreme Court of Canada’s…
