Tribunal held that delay in submitting Form 10B is curable, allowing trust to claim income application under Section 11(1)(a) as it was filed prior to completion of assessment ...

The Tribunal upheld the CIT(A)’s findings after noting the assessee produced no evidence to counter verified disallowances. Key takeaway: appellate relief requires substantiated rebuttal of factual ...

The Internal Revenue Service (“IRS” or the “Service”) aggregates, reviews, and analyzes taxpayer data and determines whether ...

Millions of Americans who rely on tips and/or overtime to bolster their income could be impacted by the new advice.