ITAT Ahmedabad held that provisions of section 68 of the Income Tax Act doesn’t apply in the matter of non-utilisation of amounts received towards Corporate Social Responsibility (CSR) activities.

A Juno Beach restaurant owner is facing legal trouble for collecting but not paying over $120,000 in sales tax from customers ...

Tax filing season is just around the corner. The Internal Revenue Service (IRS) recently announced that taxpayers will be ...

A non-profit that lost its tax-exempt status in 2020 represented itself as tax-exempt in its request for 2025 funding to the ...

The report of the special counsel behind the prosecutions against Hunter Biden, David Weiss, was released Monday.

Taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns will get up to $1,400 this month.

The IRS is distributing about $2.4 billion to taxpayers who didn't receive their COVID stimulus payments. By the end of ...

The IRS on Friday announced Jan. 27 as the official start date of the 2025 tax season, and expects more than 140 million tax ...

Next, if you're filing taxes electronically, you'll need your adjusted gross income from last year to verify your identity.

Standard deduction A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before taxes apply to the rest.