ITAT Ahmedabad held that addition of short term capital gain on account of transfer of shares on presumption basis without bringing on record evidencing actual receipt of consideration cannot be ...

This paper discusses the three schools of thought regarding ‘income’ in such cases, the first one that says there must be entry of cost price in the revenue column thereby leading to cancellation in ...

The author writes "Over the past two decades, the Internal Revenue Service and the Department of Justice have cracked down on the use of offshore accounts and vehicles to evade U.S. income taxes.

The IRS has announced the official start of tax season. Learn what you need to know to get your returns filed on-time, accurately, and as inexpensively as possible. Don't fall victim to ...

Calculating taxes on investments involves downloading tax forms from your broker and grasping various investment tax rates.

They will yet again have to make sense of a head-spinning array of new proposals, amendments and political fights before ...

Business owners must think about filing taxes next year in January of this year. This includes whether an LLC is going to ...

Municipal bonds are beneficial for those in the top tax bracket. Check out why Treasuries are a more useful tax shelter than ...

IRS can seize assets overseas to satisfy tax debts but it's not a simple task. Examine how IRS reaches foreign accounts and ...

Tax season is almost here and a little preparation now can help you avoid stress — and possibly put more money in your pocket ...

With the tax filing season now underway in the United States, here's everything you need to know to file in Minnesota.

Ken Milani and Rick Klee return to help readers understand the "womb to tomb" aspect of income taxes. See how to submit ...