Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded ...

Budget 2025: The recent announcement of a Nil tax rate for individuals with taxable income of up to Rs 12 lakh in the fiscal year 2025-26 has been ... rebate serves as a form of tax relief ...

The IRS has outlined key requirements to help you file your 2024 tax return accurately to avoid common mistakes and maximize ...

This section ... The IRS provides straightforward instructions with the form to help you get it right but always check with a tax professional if your tax situation is a little complicated and you're ...

If a U.S. citizen or resident received a gift or bequest from a foreign person after June 17, 2008, they may be required to file Form 708 and pay the Section 2801 transfer tax to the IRS.

Plus: First-time filers, tax refund checks, new tax-related scams, IRS job rescissions, federal estate taxes, tax filing ...

Central Board of Direct Taxes (CBDT) has clarified that marginal relief applies to incomes up to Rs 12.75 lakh. This means ...

Madras High Court held that issuance of confiscation notice under section 130 of the TNGST Act justifiable since officials had formed clear cut prima facie opinion that gold jewellery were transported ...

Tax season is now in full swing and the government agency has several helpful reminders for people looking to file.

The court ruled that the reassessment notice was invalid, emphasizing that once an authority determines that reassessment is unnecessary, it cannot reverse its decision arbitrarily without a valid ...