If a taxpayer misses the filing deadline, the IRS may impose significant penalties (up to 25% of the amount of the foreign ...

What do you use to file income taxes? Whether for personal taxes or work filing, give a grade and you'll be eligible to win ...

In conclusion, the ITAT’s decision in favor of the trust reinforces the importance of adhering to CBDT guidelines. The ruling highlights that for trusts registered under Section 12A, the exemption ...

In the matter abovementioned ITAT has remanded the matter to AO after observing that revenue has accepted the assessee’s contention in earlier and subsequent years.

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With tax season underway, here's what you need to know about tracking your tax refund and your new 2025 tax brackets.

The agency has “very sophisticated software” that compares information returns to what’s reported on your filing.

Do you love Costco but have always been nervous to return anything? Don't worry, the warehouse's policy is quite simple.

Some tax filers may receive Form 1099-K which is used to report payment transactions through payment cards and third party network transactions. As all income is taxable, whether it is from part-time ...

That's when the IRS officially starts accepting tax returns. Many Americans are already counting on refunds. A recent survey conducted by Qualtrics for Intuit Credit Karma found that more than a ...

The 2025 tax season kicked off on Monday, January 27. This means the IRS is now accepting tax forms, and the sooner you file, ...

As such, Block, Inc. has been ordered to pay $175 million in fines — $120 million to refund to affected Cash App users, and a $55 million penalty that’ll go into the bureau’s victims relief ...