90 per cent taxpayers likely to shift to new regime after Budget tax relief, says CBDT chief
Ravi Agrawal says simplified tax slabs and zero tax on income up to ₹12 lakh will push more taxpayers to adopt the new regime ...
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Joplin Council approves new CID tax for large sports facility project
The Joplin City Council gives the preliminary green light for the creation of a community improvement district (CID). It’s ...
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From The Tax Law Offices Of David W. Klasing - What Is A Federal Criminal Tax Administrative Investigation?
In contrast to a routine civil audit, a Criminal Tax Administrative Investigation is a formal inquiry conducted by the IRS's Criminal Investigation Division (CID) . Its objective is not simply the ...
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From The Tax Law Offices Of David W. Klasing - Can I Go To Jail For Errors On My Federal Or State Income Tax Returns?
Referral to IRS CID and Its 90%+ Conviction Rate If a IRS auditor detects firm indications of fraud, they can either consult a Fraud Referral Specialist (FRS) or refer the matter directly to CID.
Modi government proposes retrospective amendment to Central Goods and Services Tax law
The amendment, introduced in Union Budget 2025, seeks to override the Supreme Court's ruling in the Safari Retreats case, ...
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From the Tax Law Offices of David W. Klasing - Can I Go to Jail for Errors on My Federal or State Income Tax Returns?
IRVINE, Calif., Jan. 22, 2025 /PRNewswire/ -- Facing an IRS or state income tax audit is often unnerving, stressful, and downright frightening—particularly if you realize your tax returns may ...