Federal prosecutors in Tennessee say two tax preparers submitted $65 million in false claims for refunds under programs ...

Resident Individuals are further classified based on age, with those below 60 and those aged 60 to 80 having different tax rules. It is mandatory to file ITR for individuals If the total Gross Income ...

A tax preparer who admitted to filing more than $3 million in fraudulent tax returns on behalf of her clients is facing up to ...

such as when someone dies during the year and has a tax filing obligation? When someone is deceased, the decedent's personal representative is generally required to file any final tax returns for ...

Interest on Tax Due: If you have any outstanding tax liability, interest under Section 234A (for delay in filing a return) may also be levied on the amount due. Deductions and Losses: If you file a ...

The Income Tax Return (ITR) is a required process for taxpayers to report their earnings and tax payments to the IRS (Indian Revenue Service), and it must be submitted by the specified deadline Filing ...

Tax planning specifically looks at how tax laws can be used as a tool to help business owners pay the least amount of dollars in taxes over the lifetime of a business, not just quarter by quarter.

This choice cannot be changed during the year but can be revised when filing your Income Tax Return. For Business & Professional Income: If your income includes earnings from a business or profession, ...