Introduced in April 2022, this provision in the Income Tax Act allows taxpayers to report income by paying additional tax on it if they missed filing it before.

A comparison of the two regimes would clearly indicate that the intention of the Government is to streamline the process and ...

To file your taxes, you will need a host of documents, including personal information and income. Here is what you need, ...

The IRS began processing tax returns Monday. For filers who submit their returns electronically using direct deposit, refunds are generally issued in less than 21 days. There is a caution from the tax ...

It’s now the norm for Americans to file their taxes online — the IRS reports that more than 90 percent of individual tax returns were e-filed in 2023, the most recent data available. Even most profess ...

In the post-LDC era, Bangladesh must shift away from indirect taxes, streamline tax policies, and ensure a level playing field for both local and foreign businesses to create a sustainable economy ...

The "Where is my refund?" tool is an IRS tracking system for filers to get updates on the status of their tax refund. Those ...

We recommend every taxpayer, no matter what their filing status or whether they’ve filed before to bring your last year’s ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.

In Kentucky, more than 352,000 workers and families received about $967 million total in EITC for tax year 2023.

Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also debuted a ...

All taxpayers must file a correct and timely tax return and should start their research by reading reviews and checking the ...