Workers should know about limits on these rules, and employers should be prepared to provide information on tipped wages and ...

The week you choose to file an NFA form is no longer a minor administrative detail. With federal systems... The post Filing ...

Tax experts clarified that refunds have been put on hold, not denied, and will move forward once the mismatch is resolved ...

Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.

The ITAT held that late filing of Form 67 cannot defeat a valid FTC claim. The ruling clarifies that procedural delays do not override substantive treaty ...

The clock is running on the Dec 26 shutdown of the ATF eForms system, and if you are filing... The post Submit Before Dec 26 — What Happens to Your NFA Form Next appeared first on The Avid Outdoorsman ...

Today's global workers and their employers are at risk of triggering US tax and compliance obligations. The stakes are high for CPAs serving global ...

The Income Tax Department has intensified its scrutiny of tax filings for Assessment Year (AY) 2025-26, issuing a record number of communications to ...

The growing wait for refunds has left taxpayers looking for answers, and the real question is what exactly has changed this ...

Under Burchett’s bill, the standard deduction for those filing jointly or as surviving spouses would increase by $4,000 – the 2026 standard deduction is set to be $32,200 for this group. Heads of ...

The Updated Return mechanism was introduced to promote voluntary tax compliance even after the expiry of the belated and ...

The authority held that PAN must be compulsorily entered for UDIN generation in GST and tax audit cases, expanding validation to five parameters to enhance document ...