The Allahabad High Court ruled that tax officers cannot withhold refunds solely due to mismatches with Form 26AS. Taxpayers ...

Although the deduction can be as high as $25,000 per tax return, the Tax Policy Center projects an average benefit of ...

Even though you only have to file a federal income tax return once per year, you generally must make tax payments to the IRS ...

Legislation passed on July 4 brought a major shift to the firearms suppressor world. Starting Jan. 1, 2026, the $200 federal ...

ITAT ruled that CPC's adjustment denying the Section 80IE deduction without prior intimation may violate Section 143(1)(a); the matter was remanded to verify if the assessee was given an opportunity ...

Taxpayers facing refund delays due to TDS mismatches in Form 26AS have a reason to cheer. A recent Allahabad High Court ...

Allahabad High Court ruled that a taxpayer cannot be denied credit or refund for TDS merely due to a mismatch in Form 26AS.

The Internal Revenue Service issued updated frequently asked questions on Form 1099-K on Oct. 23, 2025, clarifying reporting requirements for third-party payment networks under the One, Big, Beautiful ...

The IRS urges tax preparers to renew their Preparer Tax Identification Numbers (PTINs) to stay compliant and avoid penalties ...

VanHoose owned and operated Highwood Creek Outfitters LLC, a firearms distributor and shooting range in Great Falls.

CBDT extends Tax Audit Report deadline to Nov 10, 2025, and ITR for non-TP audit cases to Dec 10, 2025. TP cases must file ITR by Nov 30. File the audit report first to avoid S 271B ...