Anyone who thought that the momentum towards federal liberalization of marijuana would be a straight line found themselves ...

With Budget 2025 raising break-even limits, tax savings under the old regime seem tougher. But for salaried couples in ...

While you should use a business credit card for company expenses, there aren't necessarily dire consequences if you ...

Tax season opened on Monday, January 27, meaning Americans are now able to file and pay their tax returns for 2024 with the Internal Revenue Service (IRS).

The 19 (a) monthly distribution notices for Putnam Managed Municipal Income Trust (NYSE: PMM) and Putnam Municipal Opportunities Trust (NYSE: PMO) are now available. These informational notices ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Observing an 8.63% increase in turnover for AY 2017-18, the AO applied this same percentage to allowable expenses, disallowing any expenditure exceeding this growth rate. The ITAT deemed this ...

If you don't pay what you owe on your taxes when you request an extension, you might get hit with an underpayment penalty. To ...

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

A taxpayer’s post-assessment, late-filed return was not a “return” for dischargeability under 11 U.S.C. § 523(a)(1)(B)(i), a bankruptcy court held, granting summary judgment for the IRS. Taxpayer, an ...

Making a budget helps you plan for expenses, and it can provide insight into your spending habits, allowing you to consider ...