The IRS wants to become a digital-first agency, but its outdated systems and paper backlog are causing “acute performance ...

Income-tax rules: Here's how capital gains generated from digital, paper (which includes gold ETFs, gold mutual funds and ...

No president has ever used the federal government to advance his own personal interests and those of his family and allies as ...

A court ruling found that the I.R.S. shouldn’t have charged penalties and interest during the pandemic. But the government ...

The Tribunal ruled that delayed filing or incorrect disclosure in Form 67 does not automatically disentitle an assessee from claiming Foreign Tax Credit. Substantial justice must prevail over ...

This article explains how provisions of the Income Tax Act, GAAR, and the Benami law are used to tackle shell companies, unexplained cash credits, and money laundering operations in ...

Filing taxes for yourself is hard enough. Filing them on behalf of someone who has recently died is even harder, especially when you're dealing with the emotional aftermath of your loss. While nothing ...

U.S. Income Tax Return for an S Corporation is used to report the income, losses, and dividends of S corporation shareholders ...

The CPA community in Michigan has been doing its own sleuthing when its comes to wrong tax notices from the Michigan Treasury ...

The US federal budget deficit is projected at $2 trillion this fiscal year, exceeding 6% of GDP. Here's what it means for ...

"For taxpayers dealing with financial pressures, these amounts can make a real difference," NTA said. "But most taxpayers ...