Alvarez' tricks made his customers' tax liability disappear—earning him the moniker "The Magician"—while fraudulently increasing their tax refunds. A decades-long tax fraud scheme in the Bronx ...

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

In such cases, a penalty can be levied by the Assessing Officer. Penalty for such contravention shall be 100% to 300% of the tax evaded. Penalty for Not Maintaining Book of Accounts The Income-tax Act ...

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 ...

The penalty for late filing of service tax return is capped at a maximum of Rs.20,000 and is subject to the number of days delayed. Up to 15 days delay in filing service tax return - Rs.500 Between 16 ...

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

By Shayla Colon A tax preparer in the Bronx spent decades operating a business where he filed returns for thousands of clients, often getting them big refunds. Customers called him “the magician ...

Heavy metal; with a side of alimony; Landing in jail; and other highlights of recent tax cases.

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 ...