Finance Bill, 2025 proposes to amend Section 139 of the Income Tax Act to extend the time limit for filing an updated return from 24 months to 48 months from the end of the relevant assessment year.

The government has proposed to increase the tax rebate available to individual taxpayer opting for the new tax regime. Tax ...

The IRS is expecting over 140 million individual tax returns for the tax year 2024 to be filed ahead of April's deadline.

The Internal Revenue Service estimated Phillip Mak owed $1.9 million in taxes, interest and fees, said a federal indictment.

BTCI has delivered strong performance since its launch in November 2024, with a 38% total return. Read why I'm bullish on the ...

ProShares Bitcoin ETF benefits from Bitcoin's price surge. Find out why BITO offers an attractive 57% annual yield and a ...

As the tax filing season begins, residents who are eligible for the Earned Income Tax Credit are reminded that Michigan’s EITC was boosted in 2023. Public Act 4 of 2023 expanded the Michigan EITC from ...

Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

You can track your refund’s status on the IRS’s Where’s My Refund? tool and via the IRS2GO app. If you file electronically ...

Treasury Secretary Scott Bessent approved the move affecting representatives of the Department of Government Efficiency.

DeSales University junior and senior accounting students will provide tax preparation assistance free of charge to senior ...