The Karnataka High Court dismissed the Revenue's appeal, ruling that the definition of tax arrear under the Direct Tax Vivad Se Vishwas Act, 2020, explicitly covers interest charged under Sections ...

Discover who must file Form 1040 or 1040-SR in 2025, key deductions, and credits. Learn filing deadlines, penalties, and electronic options for accurate tax ...

The IRS just increased the estate exemption amount as we enter into a potentially promising tax year for inheritances and ...

Get the daily news here. Read the essential Danish news and topics of today - in English. Politiken Edition is your window to ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...

The nationwide tax filing deadline is just one day away on Tuesday, April 15. If you've left your filing to the last minute and need a refresher, Newsweek has broken down everything you need to know ...

The Internal Revenue Service extended its transition relief Tuesday for the new Form 1099-K information reporting threshold, setting it at $5,000 for 2024 and $2,500 in 2025 before reaching the ...

The Internal Revenue Service has decided to stop automatically levying penalties when a taxpayer files a form reporting foreign gifts and inheritance bequests too late and it will start reviewing the ...

Hunter Biden pled guilty on Thursday to an armload of federal tax crimes. But when will the Internal Revenue Service plead guilty to stealing the 2020 election for Joe Biden? The coverup of Hunter’s ...

The most recent draft of the form that brokers will use to report certain 2025 transactions involving the sale or exchange of digital assets reflects the final regulations (T.D. 10000) for custodial ...