If you get a letter from the Canada Revenue Agency about your income tax return, here’s what it could mean—and how best to respond.

For example, If your tax bill is $800 and you qualify for a $1,200 nonrefundable credit, you can only use $800 of that credit. The remaining $400 does not carry over and will not increase your refund.

“There’s going be a cost to the clients because of the extra time” to prepare returns, Weissman said ... trusts as well as implementation challenges, they’re good examples of what tax practitioners ...

Before you even think about filing your tax return, make sure your Aadhaar is linked to your PAN. Also, choosing the correct ...

The reconciliation text being considered by the House Ways and Means Committee includes $15 million for the IRS to study how ...

Most organizations have business continuity plans for emergencies that affect company headquarters and infrastructure. With ...

It’s important for both residents and businesses to understand California state income tax brackets and how they impact what ...

The ATO has flagged work-related expenses and working-from-home (WFH) deductions as high-risk areas. Assistant Commissioner Rob Thomson revealed some eyebrow-raising claims from previous years, ...

In an ever-changing world, tax authorities are evolving how they operate to become more efficient at assessing tax risk, ...

In moves to protect businesses located in the U.K., there have been a number of recent changes to ensure that the U.K. taxes ...

Analia Mountzoures, 48, of East Lyme, appeared before U.S. District Judge Kari A. Dooley in Bridgeport on Wednesday and pleaded guilty to aiding and assisting a false tax return, according to the U.S.

Data from Quilter shows just 1,490 estates have utilised the "gifts out of surplus income" rule over the past three years.