$10M+ in earnings, $0 to IRS; Jacksonville-area businessman charged with tax evasion
The Internal Revenue Service estimated Phillip Mak owed $1.9 million in taxes, interest and fees, said a federal indictment.
What Is the Tax Cuts and Jobs Act (TCJA)?
Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.
New Tax Regime – Which Tax Benefits Will Be Gone In 2025?
Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...
Accountant Indicted For Alleged False Tax Returns
A San Rafael man was indicted by a San Francisco jury on Wednesday for alleged filing false tax returns with the IRS, according to federal prosecutors.
Union Budget 2025: Dilemma Of Two Tax Regimes Solved
In the Finance Act, 2020 a new Section 115BAC was inserted as part of the Income Tax Act, 1961 (the Act) with a view to ...
India Cuts Income Tax in a Bid to Boost Consumption
NEW DELHI (Reuters) - India cut personal income tax rates for some individuals in a bid to boost consumption across Asia's third-largest economy, which is projected to grow at its slowest pace in four ...