CBDT sent messages and emails starting 28 November to taxpayers, urging them to revise their income tax returns (ITRs) before ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

The Income Tax department has warned taxpayers who have not disclosed their foreign income and overseas assets to revise ...

Businesses can enhance compliance efficiency by preparing and scheduling information return filings ahead of IRS and SSA ...

The assessee’s exemption under section 11 was initially denied as Form 10B was filed after the return. The court held that timely availability before assessment suffices. Key takeaway: Section 11 ...

Taxpayers miss billions of dollars in credits for retirement savings contributions, lifetime learning costs and more.

If you experience a wash sale, the capital loss disallowed by the IRS is included in the cost basis of the replacement stock.

The CBDT has launched the second NUDGE campaign, contacting taxpayers who have not disclosed foreign income or assets, and ...

Jump AI data shows 44% of meetings now cover wealth transfer. Learn five critical areas where beneficiary designations fail ...

Pension Deductions has designed an online calculator that allows professionals to estimate their potential contributions to a cash balance plan in seconds.

Series I U.S. savings bonds are a popular investment, but the federal income tax consequences are anything but ...

Military personnel and other taxpayers serving or living outside the U.S. have until June 15 to file their 2025 tax returns.