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 ...

Getting advice from a good tax pro is worth it. They can help you squeeze the most out of your LLC tax benefits and keep you ...

If you’re a new real estate investor, you might ask yourself, “Will the IRS know about my rental income?” The answer is simple: Yes, the IRS will know if you have rental income. And if you try to ...

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 ...

Discover how to report cryptocurrency on taxes. Learn how to avoid common mistakes and ensure compliance. Dive into crypto ...

Energy Transfer ( ET 0.12%) is one of the more popular energy stocks. A big driver of its popularity is the midstream company ...

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.