The CBI raided 18 locations, charged nine individuals, including tax officials and Chartered Accountants, for allegedly ...

Filing your taxes can feel like a never-ending checklist — income, deductions, credits, forms, deadlines. But while some mistakes just slow down your refund, others can lead to serious IRS trouble.

You can’t just claim anything. In preparing to file your income tax return, you will need to provide receipts for proof. Here ...

Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...

Elon Musk's growing power and unprecedented access to sensitive payment systems are raising concerns about tax season impacts.

Ordinary Oversight or a Felony? The IRS’s Take on Payroll Taxes Withheld employment taxes serve as a special trust for the ...

Punjab and Haryana High Court held that revisionary proceedings under section 263 of the Income Tax Act on the basis of audit objections raised by audit party justifiable since there was no ...

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to ...

He stated that he believed reporting accumulation in Form 10B (audit report) was sufficient and was unaware of the requirement for a separate Form 10. Due to this oversight and the COVID-19 pandemic, ...

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...