A guide to what receipts, documents and forms must be saved, and for how long, to satisfy the IRS. Plus, tips for storing, ...

The IRS wants to become a digital-first agency, but its outdated systems and paper backlog are causing “acute performance ...

HUF is treated as a separate taxable entity from its family members. Family income can be legally divided and reported under ...

Clause 43 in Tax Audit Form No. 26 requires auditors to verify remittances reported in Part-D of Form 145. Incorrect ...

The final 1040 could be just the beginning. What estate executors and survivors need to know about retirement accounts, ...

Form 157 under the Income-tax Act, 2025 is not required for every person leaving India. The requirement applies only in limited cases involving tax investigations, financial irregularities, or large ...

Tax-exempt organizations on a calendar year (Jan 1 to Dec 31) have till tomorrow, i.e., May 15, 2026, to file Form 990-series returns or request a 6-month extension to avoid penalties. FAYETTEVILLE, ...

Too many courts ignore the Eighth Amendment’s ban on excessive fines.

The Income-Tax department has released ITR forms for AY27/FY26, enabling offline preparation via Excel Utility for ITR-1 and ...

Staggering 1099-DA data reveals the messy crypto tax system.

Learn how complex organizations improve tax reporting audit readiness with centralized documentation, validation, filing ...

The Income Tax Department has enabled online filing and released Excel utilities for ITR-1 and ITR-4 for Assessment Year 2026 ...