"Weaponization" of IRS audits by a US President is a concern held by many. How likely is it? I asked legal experts and IRS ...

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to ...

He stated that he believed reporting accumulation in Form 10B (audit report) was sufficient and was unaware of the requirement for a separate Form 10. Due to this oversight and the COVID-19 pandemic, ...

India's Union Budget 2025-26 introduces several revisions to taxation policies, besides provisions for focus industries and ...

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

Implications for capital gains, wealth taxes, and investment strategies require careful consideration, notes Anil Rego, ...

The average earned income credit amount received last ... remember that the IRS traditionally uses algorithms to identify tax returns for audits that partly focus on that credit.

Under prior law, most cities taxed residential long term (30 days or more) rentals with rates varying depending on the local jurisdiction. This law standardizes and simplifies the tax landscape by ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

The existing tax structure, burdened by numerous amendments, has become increasingly complex, making filing returns a ...

Hon’ble Finance Minister Smt. Nirmala Sitharaman will present the second budget of Modi 3.0 on Saturday, February 1, 2025, ...