Proceedings for adjustment of refund to outstanding demand u/s 245 (1) of the Income tax Act, 1961 are pending. Proceedings ...

The government is expected to introduce the Income Tax Bill 2025 on February 13, aiming to simplify tax laws and enhance compliance.

The fake IRS emails and texts announcing tax refunds and credits are already on the way. It’s tax filing season, so beware of ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

Stay calm and read your audit letter carefully if you're being audited. Find out what steps you need to take. You have the ...

audit, and tax profession for more than 13 years, working with individuals and a variety of companies in the health care, banking, and accounting industries. Getty Images News The New York Times ...

So, what are your changes of being audited? Regardless of income, your chances of being audited are pretty slim. Of the ...

and the scams are on the way with the start of 2024 income tax filing season. There are simple steps to bear in mind, such as filing your tax return early so someone else can't pretend to be you ...

Yes, you do. You very much need to report the income you made from tips on your tax return. On its website, the IRS advises ...

This happens because your tax filing was among ... provide to determine whether income, expenses and credits are reported accurately. The easiest way to avoid an audit is to slow down and be ...

Concept image for filing federal income taxes online and being audited. Computer keyboard, ... [+] calculator and pen are placed on income tax form 1040. The 'word' AUDIT is stamped on the form 1040.