For those who can afford solar, "now would be the time" because House Republicans want to end federal tax credits that make ...

You can not sell your investments in this fund for 3 years from the purchase date. Long term capital gain tax will be applicable when you sell your investments after 3 years. Current tax rate is ...

WASHINGTON – President Donald Trump fired up his feud with Harvard University on Friday, writing on Truth Social that he intends to press the IRS to take away the university’s finances.

The government has also made certain changes in the form with regard to deductions claimed under 80C, 80GG and other sections and has provided a drop down menu in the utility for tax filers to select ...

But if a senior citizen files Form 15H with the bank then he can prevent this TDS deduction if the senior citizen's income is up to Rs 12 lakh under the new income tax regime. Read below to know more ...

The Internal Revenue Service is facing a busy and uncertain future, with major staffing cuts, a decrease in funding, and high turnover — including a veritable revolving door of acting commissioners, ...

This form contains key information related to an employee’s salary and the tax deducted at source (TDS) during a specific financial year. Understanding Form 16 and its components is crucial for ...

IRS Form 941, also known as the Employer’s Quarterly Federal Tax Return, is used when businesses report the income taxes, payroll taxes, Social Security taxes, and Medicare taxes withheld from ...

It is not clear what will happen next to projects being done by the Taxpayer Experience Office, like making IRS notices to taxpayers more simple. The IRS has issued job termination notices to ...

WASHINGTON—It’s Michael Faulkender’s turn in the hot seat atop the Internal Revenue Service, a notoriously hard D.C. job that has somehow gotten tougher. Faulkender, the deputy Treasury se ...