The Internal Revenue Service is taking steps to make sure taxpayers and tax preparers can reflect OBBBA changes in 2025 tax returns.

The case involved a taxpayer with income exceeding Rs 20 crore and TDS claims of over Rs 4.8 crore. However, the Central ...

ITAT Mumbai rules Section 205 protects taxpayers. TDS credit cannot be denied due to Form 26AS mismatch caused by deductor’s default or ...

The IRS has extended the comment period for Form 6765 draft instructions on the Credit for Increasing Research Activities to ...

The comment period has been extended to March 31, and the extra 45 days to perfect R&D claims is now available Jan. 10.

The Internal Revenue Service is officially starting its transition away from paper tax refund checks today, Tuesday, Sept. 30. The change, required by an executive order issued in March, is aimed at ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

The IRS on Friday released a draft of Schedule 1-A (Form 1040), Additional Deductions, which includes sections for calculating four deductions allowed under H.R. 1, P.L. 119-21, commonly known as the ...

Plus: Lost refund checks, new addresses at the IRS, Taxpayer Assistance Centers are closing, gambling and the IRS, tax compliance and naturalization, tax filing deadlines, tax trivia and more. Quick ...