Kolkata recently allowed the appeal of Terai Fruits Company in a case concerning a penalty levied under Section 270A of the Income Tax Act. The case originated from a reassessment proceeding where the ...

If you don't pay what you owe on your taxes when you request an extension, you might get hit with an underpayment penalty. To ...

With the 2025 tax season underway, Free File could be just what you need to get your taxes done early and only for $0.

Frank Seung Noah of Corona pleaded guilty to defrauding clients of over $5 million and evading $1 million in taxes.

Credit cards can offer valuable sign-up bonuses, rewards for spending, and rewards for refering new customers. At least one ...

When sorting through your mail this tax season and set aside your important documents, you may receive a new form to your tax ...

The IRS has outlined key requirements to help you file your 2024 tax return accurately to avoid common mistakes and maximize ...

The IRS has faced intense blowback to Direct File from private tax preparation companies that have made billions from ...

"It's taxable income," said Matthew Foreman, a tax attorney and partner at law firm Falcon Rappaport & Berkman. The winnings are income even if the prediction platforms don't send a notice formally ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often ...

No matter what line of work you’re in, your goal may be to see your income increase from one year to the next. So if that’s ...

Tax season is just around the corner and many people are already planning how to spend their refund. Much of this planned spending will be for current expenses and overdue bills. According to ...