Opinion: Practitioners should be aware of a recent Tax Court ruling because the years under which the Tax Equity and Fiscal ...

Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the ...

Direct File won’t be available anymore to do your taxes next year. Here’s what that means once the tax filing season opens in ...

Gifting Bitcoin in 2025? Learn how the IRS treats crypto gifts, what counts toward the $19,000 exclusion, when to file Form ...

Regardless of when the government gets back up and running, it is likely that the effects of the reduced staff, reduced ...

ITAT Jaipur held that denial to allow the business loss stating the requirement of books of accounts to be audited is not justifiable since turnover during relevant period didn’t exceed the prescribed ...

Madras High Court held that a trust’s legitimate tax exemption cannot be denied merely for delay in filing Form 10B, directing the Assessing Officer to allow benefits under Section ...

Just last month, the Bureau of Internal Revenue announced that it has filed criminal cases against the owners and officers of St. Gerrard Construction Gen. Contractor & Development Corp. for failing ...

The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and economical.

A new report from the tax agency that was requested by congressional Republicans said that dropping Direct File “is in the ...

WASHINGTON—The Internal Revenue Service is officially ending Direct File, the free, government-run tax-filing pilot program ...

Bengaluru, to rectify obvious errors. This move aims to expedite the correction of accounting mistakes, reduce administrative ...