Shandel Arkadie must also repay $1.2 million that she collected from her employees but didn’t forward to the IRS.

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to release remaining refunds, ...

Here are five tax law provisions that will be in effect for the 2026 tax season following the July passage of President Trump ...

Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...

This decision requires a clear understanding of business activities, ownership structure, operational activities, long-term ...

A: Some lawyers recommend that you use your Social Security number for a revocable trust, while other lawyers suggest that ...

Compared to taxable bonds, federally tax-exempt bonds may produce significantly higher after-tax returns for investors with ...

An individual aged 60 or above (a senior citizen for income tax purposes) is exempt from paying advance tax as long as he has ...

While these incentives offer significant potential tax benefits to companies, businesses must plan effectively to maximize ...

The agency mailed more than 340,000 paper returns in fiscal year 2025. The move stems from an executive order Gov. Brad ...

Taxpayers will receive the full compliance framework for the revamped Income Tax Act, 2025 by January, with simplified return ...

U.S. District Judge Sarah Evans Barker sentenced Anita Marie Rodriguez Perez, 51, to 18 months in federal prison followed by ...