WASHINGTON — Workers who rely on tips moved a step closer Tuesday to seeing a significant tax break when the U.S. Senate approved a new federal tax exemption. U.S. Sen. Ted Cruz, R-Texas ...

Tax-exempt bonds pay interest that is exempt from either federal or state income taxes — and in some cases, both. Credit cards Explore more credit card resources ...

Answer: C. State income taxes are deductible as an expense on the business tax return. Question 4: A business hires its owner’s 16-year-old child and pays them $5,000 for legitimate work.

President Trump took to his social media Friday, sharing plans to take away Harvard University's tax-exempt status, saying "it's what they deserve." This comes after the Trump administration also ...

United States President Donald Trump wrote on Friday that he would pull Harvard’s tax-exempt status — his second social media vow to weaponize the Internal Revenue Service in the White House ...

President Donald Trump said Friday that he will be “taking away” tax exempt status for Harvard University in a post to Truth Social. Trump has previously implied that his administration could ...

The tax commissioner interpreted the relevant legislative provision of Article 5, as relating only to physical persons and did not provide an exemption for the disposal of property belonging to a ...

Settlement payment will not be business expenses, says Income Tax Dept Consent fee paid by businesses under SEBI Act, SCRA Act, Depository Act and Competition Act will now not to be treated as ...

“Tax exempt status — I mean, it’s a privilege. It’s really a privilege, and it’s been abused by a lot more than Harvard,” Trump said. “We’ll be making some statements. It’s a big deal.” Tax and legal ...

Tax-exempt status, which is decided by the Internal Revenue Service, means that these institutions do not pay certain kinds of taxes and that their donors receive a tax deduction when they make gifts.

The IRS is considering whether to rescind Harvard University's tax-exempt status, two sources familiar with the situation said. The request to look into the possibility was made by officials at ...

Harvard University says there's "no legal basis" to rescind its tax-exempt status, as President Trump pushes for the IRS to strip the Cambridge campus of its status after the university rejected a ...