Debts are divided into two categories: dischargeable and nondischargeable. Dischargeable debts are those that the debtor is no longer personally liable to pay after the bankruptcy proceedings are ...

LAKE FOREST, IL – An Illinois physician, Dr. Krishnaswami Sriram of Lake Forest, has been sentenced to 34 months in prison after being convicted of health care fraud and for concealing assets and ...

In Brief The recently enacted H.R. 1, the so-called One Big Beautiful Bill Act (OBBBA), extends many of the provisions of the ...

The Democratic Party of Virginia pounced on the news that officials in a national organization for Republican adults younger than the age of 40 were part of a sprawling group chat that included a ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

The new “no tax on tips” provision for U.S. workers doesn’t apply to mandatory tips, such as those some restaurants require of large parties, the Internal Revenue Service has clarified. Related ...

Sep. 29—The new "no tax on tips" provision for U.S. workers doesn't apply to mandatory tips, such as those some restaurants require of large parties, the Internal Revenue Service has clarified.

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...