By Alek Buttermann The US administration has introduced a legislative proposal to impose a 5% tax on remittances sent abroad ...

WASHINGTON – President Donald Trump fired up his feud with Harvard University on Friday, writing on Truth Social that he intends to press the IRS to take away the university’s finances.

The Internal Revenue Service is facing a busy and uncertain future, with major staffing cuts, a decrease in funding, and high turnover — including a veritable revolving door of acting commissioners, ...

This form contains key information related to an employee’s salary and the tax deducted at source (TDS) during a specific financial year. Understanding Form 16 and its components is crucial for ...

IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security taxes, and Medicare taxes withheld from ...

It is not clear what will happen next to projects being done by the Taxpayer Experience Office, like making IRS notices to taxpayers more simple. The IRS has issued job termination notices to ...

WASHINGTON—It’s Michael Faulkender’s turn in the hot seat atop the Internal Revenue Service, a notoriously hard D.C. job that has somehow gotten tougher. Faulkender, the deputy Treasury se ...

If you received tax-exempt interest, you should get a Form 1099-INT or a Form 1099-OID. You can find your tax-exempt stated interest in box 8 of Form 1099-INT. For a tax-exempt Original Issue ...

It is advisable to consult the official Income Tax website to confirm which form should be used while filling out returns. ITR-1 can be used by resident individuals with an income less than Rs 50 ...

With all of that turmoil in the IRS, any taxpayer still waiting on a refund may worry their tax return got lost in the shuffle. The good news is that the IRS is still processing tax returns and ...

AUSTIN (KXAN) — The Austin Police Department said 28 people were “exposed to a package with an unknown substance” inside a room at a southeast Austin IRS facility Friday afternoon.

No one wants to be audited by the IRS. And, in fact, very few US taxpayers have been in recent years. Less than 1% of all returns filed between 2013 and 2021 had been audited as of the end of ...