The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

Owning real estate property overseas can be a great investment. U.S. cross-border tax planning and fully understanding U.S.

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.

A fifth of cases have been lingering for more than over 5 years. While income tax accounted for 81 percent of the amount ...

On top of a new presidency, changing economic tides and more, we have another crucial money event to focus on soon: tax ...

Although 2024 tax returns aren’t due until April 15, the IRS began accepting them last month. That means the 2025 tax season ...

The House of Delegates and Senate passed similar budget bills Thursday, setting the stage for negotiations with Gov. Glenn ...

If you missed filing your tax returns for previous years, you can still submit them in 2025. The IRS allows taxpayers to file ...

ITO before ITAT Mumbai focused on the disallowance of exemption under Section 54 of the Income Tax Act, 1961. The assessee had sold a residential property and reinvested in four new flats in the same ...

In conclusion, the ITAT dismissed the appeal in light of the ongoing settlement under the Vivad Se Vishwas Scheme 2024, while leaving room for its revival if the settlement was not successful. The ...

If your return has been received, the IRS is still processing and has not yet issued a refund. If the refund has been approved, the agency is preparing to send it by the date shown. If the refund has ...

Federal and New York state income tax returns are due on April 15. Taxpayers can file for a six-month extension by submitting Form 4868 (federal) or Form IT-201 (New York). Filing after April 15 ...