The IRS treats withholding and estimated payments by completely different rules, and retirees who discover the gap between ...

Completing a Roth conversion on December 31 locks in the tax year, but the IRS starts running a penalty clock long before April, and most retirees discover this only after the damage is already done.

Governor Green has authorized the state Department of Taxation to waive penalties and interest on certain tax filing for ...

The crude oil tanker Navion Oslo. Roel Hemkes photo. Foreign corporations earning income from coastwise shipments under the Jones Act waiver must report that income to the Internal Revenue Service and ...

As part of ongoing efforts to mitigate the health risks associated with smoking, the Tax Authority has issued a decision amending Ministerial Decision (No. 112/2019). Under this amendment, products ...

A batch of writ petitions was filed before the Madras High Court challenging the rejection of their applications filed under the GST Amnesty Scheme introduced through Section 128A of the CGST/TNGST ...

The Internal Revenue Service has issued new guidance clarifying that foreign shipping companies operating between U.S. ports under the Jones Act waiver cannot claim a longstanding tax exemption ...

The Madras High Court has held that taxpayers cannot be denied waiver of interest and penalty merely because the underlying liability relates to self-assessed tax. The bench of Justice Senthilkumar ...

The IRS has issued a private letter ruling on I.R.C. §408 waiving the 60-day rollover requirement for a taxpayer who was defrauded in a scheme where criminals impersonated bank representatives, police ...

Telangana is considering extending its electric vehicle tax waiver after registrations surged following the introduction of the incentive. The Transport Department is preparing a proposal to continue ...

Navi Mumbai: Representatives of the Kamothe-based KAF organisation and Swarnasrushti Habitat Restorer Foundation met Maharashtra Legislative Council member Vikrant Patil and submitted a memorandum ...

Hyderabad: With a marked spike in registration of electric vehicles (EVs) following a tax waiver, the Telangana government is looking at extending the incentive beyond the deadline. Before the tax ...