So I recently passed my Level 4 Business Tax exam but I got this question wrong and I am really confused.  Please can someone explain?

Political donations from an LLC to candidates, PACs, or campaigns are not deductible. Charitable contributions by an LLC are ...

Just weeks after flash flooding killed more than 100 people in Kerr County, many of the first responders who served on the front lines of the crisis for the City of Kerrville got another gut punch: ...

As budget negotiations play out in Congress, Houston health care leaders are urging lawmakers to maintain federal subsidies that have helped millions of Americans afford health insurance. The number ...

A majority of the proposed constitutional amendments address tax cuts for homeowners and businesses. Audio recording is automated for accessibility. Humans wrote and edited the story. See our AI ...

Millions of families face further rises in food prices if Rachel Reeves presses ahead with plans to hit big shops with higher business rates, industry experts warned today. The British Retail ...

Some nomads think they can keep from being taxed by traveling constantly. This notion, widespread on internet forums, fails ...

With the right strategies in place, it is possible to maximize the deduction and lock in significant, recurring savings.

NEW YORK — A Harvard Business School graduate was arrested Thursday on fraud charges alleging he swindled fellow alumni out of over $4 million in a Ponzi scheme, even assuring one investor they would ...

Tax optimization strategies vary by income level, but everyone can reduce their tax burden. Most taxpayers can save a few thousand dollars per year through basic techniques, while high earners can ...

PARIS, Sept 17 (Reuters) - It's the million dollar question that may decide the fate of French Prime Minister Sébastien Lecornu: how to tax France's billionaires? The Socialists want a 2% wealth tax ...