We are standing in the debris of yet another “new era” that promised to save us. If you are feeling a sense of déjà vu, you ...

The new senior tax deduction ushered in by the 'Big, Beautiful Bill' is worth up to $6,000 per qualified filer.

A recent federal court ruling (Kwong) may let some taxpayers seek refunds of IRS penalties and missed refund interest, mainly ...

One Call Consultants Ltd was a UK recruitment agency that received payroll services, but it was found to be part of a fraudulent VAT supply chain.

The Delhi High Court held that delay in filing Form No. 67 cannot defeat a substantive claim for Foreign Tax Credit. It directed the Assessing Officer to verify and grant FTC, observing that denial on ...

With almost a month passed since the beginning of tax season on Jan. 26, many early filers in North Carolina are eager to ...

The Tribunal held that failure of the Assessing Officer to verify genuineness of a ₹30 lakh donation under Section 80GGC rendered the assessment erroneous and prejudicial to revenue, justifying ...

Early tax filers are seeing larger refunds this year, but some may face delays. Find out what to expect from the IRS.

We estimate income and taxes for the wealthiest group of US households by matching Forbes 400 data to the individual, business, estate, and gift tax returns of the corresponding group in 2010–2020. In ...

A rumor circulated that Darnold owed the state of California $249,000 after receiving a Super Bowl victory bonus of $178,000.

Normally, the statute of limitations to claim a refund is three years from when you filed the return or two years from when ...

Selling your house will give you short-term relief but long-term pain.