Freelancers often overlook that tax rules apply even to small or irregular income streams. Understanding turnover limits, ...

Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

When your financial life involves more than one country, taxes can get complex. This is true for expats, dual citizens, ...

The Gujarat High Court quashed CBDT’s rejection and condoned delay in Sysco Industries’ income tax return filing, holding that insolvency and fire caused genuine ...

The Tribunal held that the assessee’s income tax return for AY 2013-14 was filed within the permissible time under Section 139. Therefore, the penalty of ₹5,000 imposed under Section 271F was ...

Waiting endlessly for your tax refund can test anyone’s patience. The silver lining? The government compensates you with ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the 20% deduction for qualified business income or QBI ...

Confused by India's 30% crypto tax? Our guide provides 7 smart, legal strategies to reduce your tax liability. Learn about ...

Under normal circumstances, delayed refunds come with statutory interest—but the law also outlines several situations where ...

Imagine this hypothetical scenario: Lorin, a 42-year-old market researcher at a firm who also started his own business, hates ...

Another year brings another inflation adjustment for the thresholds that determine how much you owe Uncle Sam.

Wealth Enhancement reports seven year-end tax moves to optimize savings, including maximizing retirement contributions and ...