The Corporate Transparency Act, which would require millions of American businesses to report information on their beneficial ...

Business groups urged a U.S. judicial panel on Friday to reject a proposal to require more funding disclosures in ...

Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...

Are you aware of the Taxpayer Bill of Rights?  We are reminded, especially during tax season, that taxpayers have 10 ...

On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...

Directing the Central Board of Direct Taxes (CBDT) to reconsider the case, the court ruled that the order, issued by the Additional Commissioner of Income Tax (OSD), was invalid as it lacked proper ...

With more than six lakh tax cases pending, including approximately 5.5 lakh at the Commissioner of Income Tax (Appeals) level, respondents suggested measures to accelerate case disposal. About 69% ...

In 2000, the Legislature eliminated the time limit for filing civil lawsuits in such cases. But in 2021, the Legislature approved a statute allowing such lawsuits “regardless of the date of the ...

3. The prosecution case is that, the petitioner accepted input tax credit (ITC) originated from the inward supply made by dummy registrants without actual acceptance of goods and that he has utilized ...

Come to the MAHUBE-OTWA office in Park Rapids between 3 p.m. and 7 p.m. on Wednesday, Feb. 5 for do-it-yourself, online filing with certified tax volunteers on hand to answer questions and offer tax ...

The Indian income tax policy has been a cornerstone of the nation’s economic framework, shaping growth and development across industries. However, over the years, its complexity has raised significant ...

The High Court has stayed ED summons and is considering transferring the case to the CBI, with the chief minister remaining hopeful of justice. Karnataka Chief Minister Siddaramaiah on Tuesday ...