When you take money from your 401(k) through a withdrawal, rollover or loan default, the IRS requires specific reporting on ...

The Federal Board of Revenue (FBR) has released draft electronic income tax return forms for individuals, companies, and ...

The Central Board of Direct Taxes (CBDT) has said a major compliance change is mandatory disclosure of bank balances under ...

Taxpayers should consult the Income Tax Department website for the relevant instructions and FAQs to ensure they select the ...

A court ruling found that the I.R.S. shouldn’t have charged penalties and interest during the pandemic. But the government ...

The Income Tax Department has revised ITR forms for FY 2025-26, introducing new disclosure requirements for capital gains, ...

Millions of taxpayers penalized by the IRS during the coronavirus pandemic for late payments or filings may qualify for ...

The Internal Revenue Service has announced tax relief for individuals and businesses in parts of Southeast Georgia that were ...

The AIS reflects financial data available with the tax department, based on information received from third-party sources ...

Fixed deposit interest provides passive income for many Indians but is subject to TDS under the Income Tax Act. TDS is ...

Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming don't collect state income ...