ITAT Jodhpur ruled in favor of the assessee, emphasizing that penalty proceedings are distinct from assessment proceedings. The tribunal noted that the mere disallowance of claims does not ...

Sections 147/148 remain applicable if AO opts not to invoke Section 153C: ITAT Mumbai upholds addition under Section 68 of ₹4.89 Cr.

Here's when the last day to file taxes is, what documents you'll need, new forms for the 2024-25 tax season and how to track ...

Applications for the 2024 Property Tax/Rent Rebate program are now open, and Rep. Martin Causer, R-Turtlepoint, reminds area residents that free assistance is available through his office.

Although 2024 tax returns aren’t due until April 15, the IRS began accepting them last month. That means the 2025 tax season ...

It's tax season, and if you've received an unfamiliar income form this year, it might be a 1099 tax form. A 1099 form is used to document income received outside of a permanent salaried job. This ...

A large tax refund can feel like a win. But if you're living paycheck-to-paycheck, that refund might actually be hurting you.

Be careful rushing through your taxes to get your refund faster. A mistake could bring you an audit instead. Here's how to avoid an audit.

Your employer, according to the IRS, is required to provide or send Form W-2, known as a "Wage and Tax Statement" to you no later than Jan. 31.

Finance Minister Nirmala Sitharaman has proposed, in the Union Budget, extending the time limit to file updated returns for ...

A 2.5% Social Security cost-of-living adjustment is the lowest increase to benefits since 2021. To increase those checks, ...

Americans should be worried if they receive a tax refund which is over $1,000, a tax expert has warned. That is because it could be a sign that they are paying out too much of their paycheck toward ...