The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

Discover 20 real estate tax deductions agents actually use to lower their taxable income, cut costs and keep more of their ...

The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on ...

An IRS notice says employers won’t face penalties if they don’t provide a separate accounting of cash tips and overtime ...

Taxpayers facing refund delays due to TDS mismatches in Form 26AS have a reason to cheer. A recent Allahabad High Court ruling mandates tax authorities to accept taxpayer-provided TDS documentation, ...

The Madras High Court held that delay in filing Form 10B required under Section 44AB for the purpose of Section 12A(1)(b) of ...

The Tribunal accepted medical reasons for delay, found notice service defective, and set aside a non-speaking CIT(A) order for fresh adjudication under Section ...

If a political appointee tried to demand a probe of a left-wing donor, they would not only violate the law but also trigger a criminal reporting requirement.

Tax season can be one of the most confusing and detail-oriented times of the year if you're a tax professional, small business owner, or ...

The Bombay High Court held that communication of an ITAT order to a Chartered Accountant does not constitute service on the assessee, condoning a 40-day delay in filing ...

Form 1099-K reporting requirements have created a lot of confusion, and it's understandable why. Many of those sellers haven’t received 1099-Ks before, so understanding the new rules is important for ...

Form 1099-K is used to report payments received for goods or services processed through payment apps, online marketplaces, and credit cards. The IRS has issued FAQs to explain when you might get one.