Preparing for tax season 2026? Discover the newly increased standard deductions and expanded tax brackets that will affect your 2025 income taxes.

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

Budget 2025 aims to unlock India's potential for development by 2047, with reforms for ease of doing business and tax ...

The 2024 tax-filing season has begun and the IRS has offered a set of six important tips designed to help taxpayers navigate ...

By C. Robert Holcomb and Gary Hachfeld, University of Minnesota Extension The new “2007 Ag Income Tax Update for Farm Families” from University of Minnesota Extension outlines tax law changes ...

Tax audits, which affect less than 0.4% of returns, are triggered by discrepancies flagged via an IRS statistical formula. Common triggers include incomplete returns, math errors, inaccurate ...

Andre Shammas is a tax preparer based in El Cajon, California, specializing in helping individuals, families, and small ...

The Income Tax Bill 2025 aims to reform Indias tax structure with new terminology, a tiered system, and simplified deductions ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

New Income Tax Bill 2025 LIVE Updates: Union Finance Minister Nirmala Sitharaman has presented the new Income-Tax Bill 2025 ...

Taking tax advice from TikTok can come back to bite you, experts say. The IRS is cracking down on "other withholding" claims.