WASHINGTON -- If you forgot to file your taxes during the early days of the COVID-19 pandemic in 2020, you have until Monday to do so. Nearly 1.5 million taxpayers may still be eligible for a tax ...

Form 1099-MISC is for miscellaneous income. But Form 1099-NEC is for payments to independent contractors and adds ...

The High Court held that failure to conduct mandatory pre-show cause consultation rendered the tax proceedings unsustainable, and remanded the matter to CESTAT for fresh decision on ...

The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deduction under Section 80-IAC merely on procedural ...

After Jim Chalmers repeatedly refused to rule out changing the capital gains tax discount, a government source told the ABC that changes related to housing were being considered, with capital gains ...

What the IRS Isn't Shouting From the Rooftops Let's be real. When was the last time you heard the IRS actively marketing a tax form designed specifically for seniors? Form 1040-SR was mandated by ...

According to a well-sourced leak, changes to capital gains tax discounts could form the centrepiece of the next federal budget in May. And while the government has downplayed the idea, it has not been ...

Gov. Gavin Newsom's international travel is paid for by the California State Protocol Foundation, a nonprofit that is funded primarily by corporate donations and run by a board Newsom appoints.

Jeffrey Anderson's nomination as aviation ambassador stalls amid ethics questions over unreported IRS liabilities in Senate confirmation process.

The Earned Income Tax Credit (EITC) is the largest poverty alleviation program for families with children in the US, and it has well-documented health effects. However, not all eligible families ...

An investigation by the Tennessee Comptroller’s Office has revealed questionable financial activity involving the executive director of Skills Training and Rehabilitation Services Incorporated (STARS, ...

IRS Form 1099-DA creates crypto tax trap by reporting sales without cost basis, potentially doubling tax bills when purchase records are missing.