Standard deductions, AMT exemptions, and other tax provisions will be impacted by the inflation adjustments that the IRS has announced for the 2025 tax year. Find more about the modifications and how ...

A Rochester business owner accused of failing to pay taxes failed to file or pay more than $315,000, according to court ...

With the beginning of income tax filing season just weeks away, the IRS says millions of taxpayers will qualify for the IRS’s Free File, which as the name implies, is free. For taxpayers who ...

The Income Tax Department has recovered Rs 37,000 crore over the past 20 months from individuals who failed to file returns ...

The Los Angeles Dodgers topped a record nine teams owing Major League Baseball’s luxury tax this year with an unprecedented ...

The mechanism for availing of the benefit of the SVLDRS scheme was set out in the Sabka Vishwas (Legacy Dispute Resolution) ...

The reduced tax means that the food delivery companies will no longer be eligible to claim input tax credit while filing GST.

The shadow knows; body of evidence; make a Note of it; and other highlights of recent tax cases.

Some shareholders in Brooge Energy have filed a fraud complaint in the United States against Ernst & Young, alleging the ...

She also has been pushing for a system where taxpayers can file their taxes online directly through an IRS program to avoid ...

ITAT Kolkata held that Rule 128 (a) does not preclude the assessee from claiming credit for FTC in case of delay in filing the required form no 67. Also held that filing of form 67 is procedural ...