The civil fraud penalty is imposed when the IRS determines that you intentionally falsified your tax return in order to evade ...

MUST check in ITR filing: Taxpayers must be aware that these cash transactions may lead to a 100% income tax penalty(Pixabay) MUST check in ITR filing: Tax sleuths ...

(AP) — The IRS on Friday announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 ...

and small business owners are discovering that traditional tax preparation services no longer meet their needs. As tax laws evolve and financial pressures mount, there is a growing demand for ...

Penalty on cash transactions: Recently in a brochure the Income Tax Department has said that taxpayers should avoid using cash for their daily transactions as in certain specified cases penalty for an ...

The Income Tax Department has recently published a brochure stressing the importance of avoiding cash transactions to reduce the risk of tax penalties. The primary goal of this campaign is to ...

s petition against the Bureau of Internal Revenue (BIR), ordering the cancelation of over P175 million worth of deficiency income tax, value-added tax (VAT), and compromise penalties. The CTA Second ...

Navigating taxes as a student may seem overwhelming at first, but understanding the basics can make a big difference in ...

The fourth-quarter estimated tax deadline for 2024 is Jan. 15, and you could trigger "unexpected penalties and fees" by skipping a payment, according to the IRS. You typically owe estimated taxes ...