The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

New deductions will lower the tax bills for many Americans. Those who prefer to pay less in taxes throughout the year may ...

Since the CIT(E) had already accepted the assessed income by issuing Form 4 under the DTVSV Scheme, initiating revision later was held impermissible. Key takeaway: once settled under DTVSV, the ...

The CIT(A)’s assumption of delay was corrected, restoring the appeal for adjudication. The ruling reinforces that statutory timelines are calculated from actual notice, ensuring fairness in tax ...

The Court condoned a 31-day delay in filing Form 10B after finding the reasons bona fide and linked to COVID-19 disruptions. It set aside the rejection order and directed reprocessing of the return ...

If you've received an audit from the Central Collections Agency and thought no big deal, think again, because now you may ...

The Tribunal held that once CPC allowed the 80JJAA deduction through a subsequent Section 154 order, the earlier rectification appeal no longer survived. The appeal was dismissed as academic, with a ...

Bombay High Court held that reopening of assessment proceedings on the basis of change of mind/opinion and also on non-application of mind is liable to be quashed and set aside. Accordingly, impugned ...

The Court held that the impugned GST notice and adjudication orders suffered from multiple legal defects and quashed them. Authorities can issue a fresh notice, with limitation suspended for the ...

Millions of Americans will need to decide between paying skyrocketing health care premiums or going without coverage in 2026 ...