Filing taxes may appear overwhelming due to the various slabs, exemptions and the different Income Tax Return (ITR) forms issued by the IT department. This confusion is especially prevalent among ...

Year-round tax planning can help prevent tax autopsies and save taxpayers a significant amount of their hard-earned money!

Protecting yourself from identity theft, VITA program, Form W-9, presidential campaign tax proposals, green card status and ...

Filing a tax return is your obligation as a U.S. citizen or resident if your income is above a certain amount. Jump to insight Form 1040 is commonly used for federal tax returns, but other taxing ...

Last month, the Income Tax Department extended the deadline for filing returns by corporates and individuals requiring audit ...

it is possible that the IRS computers may reflect the confusion shown in the Form 1040 filing instructions and assess tax and penalties on purportedly unreported income. The problem is created by ...