Calculating the precise amount you owe to the IRS takes some time. How much varies depending on where you live and work. Here ...

For example, if you settled a suit and received taxable damages, report the payment as income. But if you have arguments that the lawsuit recovery should not be taxable, the last thing you want is a ...

You become eligible for Section 89 (1) relief when you receive arrears of salary, advance salary, or a lump sum family ...

you need to divide your total tax by your taxable income. You can find your total tax on line 24 of Form 1040 and your taxable income on line 15. Have over $7,500 in tax debt? A tax relief ...

Knowing crucial dates is necessary to avoid penalties and ensure a smooth tax filing process. Here are some of the key dates ...

The first day to file 2024 tax returns in California is Jan. 2, according to the state's Franchise Tax Board. The due date to file the state tax return and pay any balance is April 15, 2025, according ...

Timely disclosure by the due date under Section 139 (1) is crucial to avoid penalties. Belated or revised returns can be filed until December 31, 2024, if foreign income or assets were missed earlier.

ITAT Delhi held that benefit of section 115AAB of the Income Tax Act availed in the preceding year cannot be denied in subsequent year on the reason of non-filing of prescribed Form 10IC. Accordingly, ...