1. Foreign Tax Credit (FTC) is a mechanism to provide relief to the taxpayers to claim credit in India for the taxes paid in overseas country on the doubly taxed overseas sourced income (i.e., taxed ...

As a U.S. citizen, the man formerly called Cardinal Robert Prevost technically is required to file returns to the IRS.

He’s the first American Pope in history, but Leo XIV might not be able to escape the IRS - The native Chicagoan and baseball ...

According to the IRS, U.S. citizens are subject to U.S. income tax even if their foreign income is also taxed by the source country. Powered by Money.com - Yahoo may earn commission from the links ...

CBDT introduces major update in ITR-1; here's who can and cannot file using these forms. By Pratik Waghmare | Published on: ...

Businesses are worried about the possible cancellation of a tax treaty between the U.S. and China as Treasury Secretary Scott ...

The Form 1040 is an official document used by U.S. taxpayers to file their annual income tax returns. It includes sections for reporting income and deductions, which help calculate the tax owed or the ...

President Donald Trump says "there's a real chance" tariff revenue can replace the income tax. Economists say a full ...

The Income Tax Department has now notified ITR (income ... have income from business or profession, or resident having foreign assets or foreign income or more capital gains than permitted ...

Kilpatrick’s David Hughes recently participated in a panel titled - “The Top 10 Sales Tax and Income Tax Cases” - at the Council on State ...

International real estate transfers involve complex tax rules and legal systems, but certain strategies can to ease the process and prevent tax complications.