An LLC can opt to be treated like a corporation for tax purposes. In this case, the LLC files corporate taxes and any business deductions for workers' compensation are claimed on those forms.

Write "Foreign Sales Tax" in the description field. Transfer your itemized deduction amount to the line labeled "Itemized Deductions or Your Standard Deduction" on Form 1040. In addition to sales ...

Download and save the PDF to your computer Open the downloaded PDF in Acrobat Reader 10 or later This form is for individuals who want to claim investment tax credits (ITC) for the current year.

has called on establishments subject to withholding tax in the Kingdom to submit withholding tax forms for April; the deadline is May 11. Withholding tax is imposed on all payments made from a source ...

The state’s 7% sales tax applied on gasoline purchases will be 17.4 cents a gallon starting June 1, down by 2.3% from 17.8 cents a gallon in May. The increase was announced in a notice on ...

Digital Form 16 is an electronic version of the traditional Form 16. It's generated directly from the TRACES portal, which is managed by the Income Tax Department. This means all your salary details, ...

(CBS12) — The owner of a Caribbean restaurant in Boynton Beach is facing a second-degree felony charge for allegedly failing to give over $38,000 in sales tax collected from customers over four ...

One petition seeks to renew and make permanent a sales tax funding natural area acquisition and restoration. The other petition aims to designate the former Hughes Stadium site entirely as a city ...

has notified all Income Tax Return (ITR) forms — from ITR-1 to ITR-7 — for the financial year 2024-25 (tax assessment year 2025-26). Several changes have been made in these ITR forms ...

Other proposals would raise the RTA sales tax rate or cut the statewide rate. The RTA includes the Chicago Transit Authority, Metra and Pace mass transit systems serving Chicago and the suburbs.

The proposed legislation would also abolish a controversial rule that would have required payment platforms like Venmo or Paypal to send 1099-K tax forms to anyone receiving over $600. Previously ...

has notified the complete set of Income Tax Return forms ( ITR-1 Sahaj, ITR-2, ITR-3, ITR-4 Sugam, ITR-V, ITR 6, ITR-7 ) for Assessment Year 2025-26, and introduced multiple taxpayer-friendly ...