The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

ROC Mumbai imposes penalty on Hexaware Technologies and officers for late filing of Form MR-2 for appointment of non-resident ...

Income tax notices can be stressful for salaried employees, but most are routine queries that can be resolved quickly. From ...

ITAT Mumbai held that delay in filing Form 10B does not invalidate a trust’s exemption claim if the form is submitted before assessment completion and the error is ...

Regardless of where you live in the UK, your personal allowance will be reduced by £1 for every £2 you earn over £100,000.

What will the extra lucky winner do with their $490 million Powerball Jackpot? The odds of winning the jackpot are 1 in 292.2 ...

Gifting Bitcoin in 2025? Learn how the IRS treats crypto gifts, what counts toward the $19,000 exclusion, when to file Form ...

As established in Maxopp Investment Ltd. v. CIT (2018) 402 ITR 640 (SC), the AO must provide reasons before invoking Rule 8D ...

The IRS is pulling the plug on one of its most popular pilot initiatives just as millions of Americans prepare for the 2026 ...

In a significant win against the Income-Tax Department, Bollywood actor Aishwarya Rai Bachchan has won a ₹4 crore dispute in ...

The surplus will be returned to taxpayers through a credit on their 2025 state personal income tax returns filed in 2026.

Oregonians can plan to receive a kicker credit on their tax returns next year for 2025. According to the Oregon Department of ...