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

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 ...

However, the appellant had already deposited ₹40 lakh towards tax and ₹6,34,560 as interest before the SCN’s issuance. Despite this, the adjudicating authority confirmed the demand and imposed a ...

In fact, immigrants who lack permission to be in the US are enmeshed in society with plenty of formal and official documents to their name, from tax returns to mortgages. No, immigrants haven’t ...

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 ...

He is scrapping the system in which the Government collects betting duty of 6.75% from bookmakers, which is passed on to punters in a 9% tax. Bookmakers can absorb all the costs of the new tax ...

This would add to the options the Internal Revenue Service (IRS) already offers for free tax filing. The DOGE is considering creating a new mobile app for Americans to file their federal taxes for ...

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 ...