Receiving a bonus can be a delightful surprise, but the joy might be short-lived once you realize the tax implications. Learn ...

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

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

ABUJA – In an effort to boost the economy, the Federal Inland Revenue Service, FIRS, has announced the commencement of the implementation of the withholding tax system. In a statement yesterday ...

If you earn income that isn’t subject to federal tax withholding – such as from ... you must withdraw is based on the life expectancy table for your age and the balance in your account by ...

Tax season officially begins Monday when the Internal Revenue Service (IRS) will begin accepting returns for the 2024 tax year, but taxpayers should be aware of deductions and credits that could ...

Monday marks the first day that the IRS will start accepting and processing 2024 income tax returns. So whether you’re in a rush to get your refund or just wondering how long you can postpone ...

Luxembourg was popular with companies looking to issue debt because it lacked a withholding tax, did not require a stamp duty, and did not require bond issuers to publish a prospectus. Since then ...

Prime Minister Andrew Holness has signalled that the Government is considering a plan to reduce the withholding tax on dividends paid to Jamaican residents, as part of efforts to attract assets ...

The revenue ruling clarifies key points and highlights important distinctions among the treatment of contributions and benefits for FICA, FUTA, and income tax withholding purposes. These ...

Learn how to lower your tax liability with these 5 effective strategies: optimize withholding, maximize your HSA, avoid the "tax torpedo," understand the Net Investment Income Tax, and leverage ...