Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

The Court held that prolonged suspension of trustees, sealed records, and administrator control constituted genuine cause for delayed filings. The delay for six assessment years was condoned and the ...

The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...

Explains how taxpayers can fix common ITR errors through revised returns and portal corrections. Key takeaway: Most mistakes are easily rectifiable within the assessment ...

The CBDT has launched the second NUDGE campaign, contacting taxpayers who have not disclosed foreign income or assets, and ...

Taxpayers who make frivolous arguments in Tax Court risk the imposition of penalties by the court of up to $25,000.

The Chartered Accountants Association of Surat (CAAS) has filed a fresh writ petition before the Gujarat High Court under ...

If you are a nonresident tax filer and had no US-sourced income during the previous calendar year, you only need to complete ...

With multiple tax compliances due this month, December demands careful attention from individuals and businesses alike. These ...

Chancellor clarified on Martin Lewis's ITV show that state pensioners relying solely on their state pension won't pay tax for ...

If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...

Guam residents who have received notices from the Internal Revenue Service, indicating that they either owe federal taxes or have not filed their individual income tax return, should go to ...