Division Bench settles decade-old tax dispute involving multiple optical dealers; sunglasses to be taxed under residuary ...

Some of the most valuable tax breaks are also the ones most likely to draw extra attention if you get the details wrong. To ...

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

Quick Summary ・Keeper helps freelancers and independent contractors with tax-related write-offs. ・Automatically scans your ...

Learn about IRS Publication 535, crucial for business owners to understand deductible expenses to reduce taxable income.

President Trump signed an order to reschedule marijuana to a lower drug classification, one of the most significant changes ...

Get ahead of the tax season crunch by collecting these tax documents throughout the year. Here's what you need to keep an eye out for.

The IRS will not immediately be impacted by the partial government shutdown that began on Wednesday, Oct. 1. Congressional leaders failed to agree on funding legislation necessary for the U.S.

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 ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

The week’s best and worst from Mene Ukueberuwa, Allysia Finley and Kyle Peterson A dangerous habit of bureaucrats is enforcing the law as they wish it were instead of as it is. Progressive regulators ...