Taxation · 07/23/2025

This article delves into the tax policies governing charitable and non-profit organizations in the United States, covering the steps to apply for tax-exempt status, compliance requirements, and strategies for effectively utilizing technological tools to optimize financial management. Understanding these aspects can help organizations operate more effectively and contribute to social development.

Taxation · 07/18/2025

The Section 121 exclusion provides significant tax benefits for taxpayers selling their primary residence. Qualifying taxpayers can enjoy an exclusion amount of up to $250,000 or $500,000. Key requirements include ownership and residence for a cumulative total of 24 months within the last 5 years. Non-qualified use during rental periods may affect the exclusion amount, necessitating careful handling of related tax issues.

Taxation · 07/18/2025

Understanding the importance of tax credits and deductions in reducing tax liabilities is essential. Familiarizing oneself with various types of tax credits and deductions, including those for families, education, clean energy, and business-related benefits, can effectively lighten tax burdens and promote financial health for individuals and businesses. According to new legislation, both individuals and businesses can enjoy new tax incentives. Taxpayers are advised to thoroughly review policies

Taxation · 07/25/2025

The IRS's new regulations reduce the income calculation for domestic companies holding foreign direct investments under Section 956. This aims to align with the new participation exemption system, ease the tax burden, and enhance the international competitiveness of businesses.

Taxation · 07/25/2025

This article provides a detailed analysis of the Tax Cuts and Jobs Act's impact on individuals, businesses, and nonprofit organizations. It focuses on key concepts such as personal withholding, corporate income deductions, and the tax system adaptation for nonprofits. The aim is to offer readers practical tax strategies.

Lawyers · 07/28/2025

Temporary Protected Status (TPS) for Cameroonians will end on August 4, 2025. TPS holders need to understand the subsequent impacts and plan ahead, seeking legal avenues to avoid losing their status.

Lawyers · 07/28/2025

Latest updates on TPS and DED: Status and application deadlines for Afghanistan, Myanmar, and Cameroon require close attention to changes.

Lawyers · 07/08/2025

Honduras' Temporary Protected Status (TPS) will end on September 8, 2025, causing TPS holders to lose their status and work permits. Learn how to respond, including seeking legal assistance and applying for other immigration statuses, to ensure your future security and stability.

Finance · 08/06/2025

Trump's strong return to the presidency will impact global central banks' interest rate strategies. His tariff policies may lead to a slowdown in the global economy and accelerate inflation in the U.S., making the Federal Reserve more cautious about rate cuts. Meanwhile, emerging markets may face unique challenges and opportunities.

Finance · 02/15/2025

Despite a short-term dip in gold prices due to profit-taking, investors continue to maintain strong demand for gold amid uncertainty in global trade situations. President Trump's tariff policies may further shape market dynamics. The safe-haven characteristics of gold are expected to attract increased attention from investors.

Finance · 08/06/2025

California Governor Gavin Newsom firmly supports trade relations with China in an interview with Nikkei Asia, criticizing the Trump administration's tariff policies for causing significant harm to California's economy. He advocates for global trade to be based on cooperation. California has become the first state in the U.S. to sue the federal government over tariff issues, with its economic strength continuing to grow.

Transportation · 08/06/2025

California’s plan to ban the sale of gasoline-powered cars by 2035 was overturned by the Senate, which prompted a strong backlash from Governor Newsom, who called the vote illegal and accused the Republican Party of undermining competition for American businesses. California will face legal battles that could impact the national electric vehicle market landscape.

Education · 08/19/2025

UCLA has raised its English language proficiency requirements for international undergraduate applicants for Fall 2026. There are increases in the minimum required TOEFL subscores, IELTS overall score, and Duolingo overall score. Carnegie Mellon University has also made slight adjustments to its Duolingo subscore requirements. Applicants should be aware that the minimum language requirements are just a threshold; higher scores are crucial for gaining admission to top-tier universities. Focus on exceeding the minimums to strengthen your application and increase your chances of acceptance.

Taxation · 01/10/2025

The IRS announced that individuals and businesses in Southern California affected by the wildfire on January 7, 2025, can extend their tax form filing and payment deadlines to October 15. This relief aims to alleviate the financial burden on impacted taxpayers and assist them in recovering their livelihoods.

Taxation · 08/12/2025

Applications for tax refunds and credits exceeding $2 million must be reviewed by the IRS and a report submitted to the Joint Tax Committee to ensure tax transparency. The review process may involve investigations or direct acceptance of applications, with important information detailed in the report to enhance tax fairness.