According to Forbes, Bernard Arnault, CEO of LVMH, ranked fifth among the world's richest individuals, with an estimated ...

A deceased person's final tax return must still be filed for all the income they made in the year prior to their passing, and ...

Now taxpayers have a longer timeframe of up to 48 months to file an updated income tax return which was 2 years earlier. The ...

Tax season is now in full swing and the government agency has several helpful reminders for people looking to file.

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

Expanded into 25 states for 2025, IRS Direct File allows eligible taxpayers to submit federal returns free of charge.

Now that the tax filing season is open, scammers hope that distracted taxpayers will click on malicious links or provide info ...

The IRS will soon distribute $2.4 billion worth of stimulus checks to taxpayers who didn't claim the Recovery Rebate Credit on their 2021 tax return.

With tax season approaching, this blog addresses the ways in which the Internal Revenue Service (“IRS”) will contact you… and ...

Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

The Finance Bill, 2025, introduces significant changes to penalty provisions under the Income Tax Act. Sections 271C, 271CA, 271D, 271DA, 271DB, and 271E will now allow penalties to be imposed by the ...