ITAT Agra held that confirming penalty under section 271B of the Income Tax Act before finalization of quantum assessment is unjust and unfair. Accordingly, matter restored back to CIT (A) for fresh ...

The form determines whether you'll pay your taxes paycheck-by-paycheck as the year goes on, in a lump sum at the end of the tax year, and if you'll owe interest and penalties ... employer can fill out ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Radiant ( NYSE: RLGT) reported adjusted earnings before interest, taxes, depreciation and amortization of $12 million, 56% higher y/y. Adjusted earnings before interest, taxes, depreciation and ...

Last quarter, the company’s EVs hit positive variable profitability, meaning revenues on sales are greater than the costs to ...

The post Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year appeared first on Real Estate News & ...

Plus: Trump tariffs, beneficial ownership information (BOI) reporting, Earned Income Tax Credit, student loan interest ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often, and the value of the deduction increases with the price of a home,” ...

President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break ...

President Trump is renewing his push to eliminate the carried interest tax break, a move that could have major implications ...

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you ...

“The most common mistake that you’ll see is that a taxpayer will go to an accountant or go to do their taxes through a ...