Selling something that has shot up in value — think appreciated stocks, bitcoin bought for pennies, a rental building, or a ...

The IRS says it’s in the process of updating income tax forms and instructions for taxpayers to use this filing season that ...

The longest government shutdown in U.S. history is now over. The backlog of work, however, remains. As the IRS scrambles to ...

You have to report PayPal income to the IRS. Learn how PayPal tracks your income and how to fill out a PayPal 1099.

The Court held that the impugned GST notice and adjudication orders suffered from multiple legal defects and quashed them. Authorities can issue a fresh notice, with limitation suspended for the ...

President Donald Trump gave new information about his plan to send $2,000 tariff rebate checks to Americans on Nov. 17. What ...

The Tribunal held that the CIT(A) erred by dismissing the penalty appeal solely due to VSVS settlement of interest, without adjudicating the depreciation-related penalty. Key takeaway: all grounds ...

The Bombay High Court condoned a 338-day delay in filing Form No. 10 for income accumulation under Section 11(2), holding that genuine hardship justified relaxation of procedural ...

Since the CIT(E) had already accepted the assessed income by issuing Form 4 under the DTVSV Scheme, initiating revision later was held impermissible. Key takeaway: once settled under DTVSV, the ...

Kim Porter began her career as a writer and an editor focusing on personal finance in 2010. Since then, her work has been published everywhere from Forbes Advisor to U.S. News & World Report, Fortune, ...