Filing taxes requires meticulous attention to detail, as the IRS imposes hefty fines for certain errors. With penalties ...

Navigating the complexities of tax season is crucial for every American. Timely filing not only ensures compliance but also ...

Listen to Story Bombay High Court quashes income tax order against ND's Art World Order lacked CBDT authorisation, court rules Court directs CBDT to reconsider within three months The Bombay High ...

The Form 8278 imposed a $5,000 penalty under Sec. 6702(a) citing “ARG CD 44” in the remarks section. Subsequently, the IRS issued a notice of deficiency for Varela’s 2017 tax year in the amount of ...

Tax season is here, and many in New Jersey and across the country may be wondering how to track your IRS Tax refund. The IRS provides a free tool where taxpayers can track their refund ...

Don’t worry. Even if your tax situation is complex, there are a number of ways to get your tax forms. The IRS no longer automatically mails out tax forms, because most people file online, either ...

Kevin Spencer joined White & Case as a partner in its global commercial litigation practice and global tax practice in Washington, the firm announced Wednesday. Spencer represents multinational ...

Is there a lousier system for collecting government revenue than the one we have now? None that we can think of. Read Full Article » ...

The IRS kicked off the tax season on Monday, Jan. 27, allowing taxpayers to begin filing their 2024 tax returns. Its free Direct File service, which this year will be available to residents in 25 ...

has clarified that taxpayers failing to pay the due corporate tax for each month or part thereof shall be subject to a monthly penalty of 14 percent per annum. This penalty is imposed on the unpaid ...

When tax season rolls around, most people either look forward to a refund or brace for the payment they owe. For an increasing number of Americans, though, paying their tax bill is simply not an ...