7. We may also refer to a decision of the Karnataka High Court in the case of (Smt.) Sujatha Ramesh vs. Central Board of Direct Taxes, New Delhi, (2017)87 taxmann.com 228 (Karnataka), wherein the ...

The Internal Revenue Service recently issued a press release offering six tips to help taxpayers file their 2024 tax returns ...

The ITAT, while acknowledging the assessee’s lack of cooperation, found that the CIT (A) had erred in setting aside the assessment. The ITAT cited the precedent set in Arun Kumar Bose vs. ITO; ...

Scammers target potential victims through a text messaging scheme that claims the target is entitled to a $1,400 stimulus ...

The IRS issued Proposed Regulations last month which provide helpful clarity for employers on how to implement and comply with two new SECURE 2.0 provisions relating to catch-up contributions.

Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded ...

You could receive Form 1099-K for business payments from Venmo or PayPal this season. Here’s what taxpayers need to know.

A letter f III, acting deputy attorney general, accepting the resignation of Danielle R. Sassoon, Manhattan’s acting U.S.

The Bombay High Court quashed the reopening notice issued to Teleperformance Global Services Pvt. Ltd. under Section 148 of the Income Tax Act, 1961, for the assessment year 2019-20. The dispute arose ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

Most people already received their stimulus money when they filed 2021 tax returns but scammers are pouncing on anxiety about ...

The IRS will follow up with you if you fail to pay your tax liability. Despite advancements in technology, the IRS is still ...