The burdens and costs on businesses and HMRC of an increasingly complex tax system are laid bare in the National Audit Office ...

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 ...

ITAT Bangalore held that matter of rejection of registration under section 12AB of the Income Tax Act is liable to be ...

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

The fake IRS emails and texts announcing tax refunds and credits are already on the way. It’s tax filing season, so beware of ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...

Elon Musk's growing power and unprecedented access to sensitive payment systems are raising concerns about tax season impacts.

Ordinary Oversight or a Felony? The IRS’s Take on Payroll Taxes Withheld employment taxes serve as a special trust for the ...

Punjab and Haryana High Court held that revisionary proceedings under section 263 of the Income Tax Act on the basis of audit objections raised by audit party justifiable since there was no ...

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 ...