LegalZoom explains why owners should still file a federal tax return even if their LLC did not do any business in the ...

As blue state governors and lawmakers propose making their states more costly places to live and work, their red state ...

While the country transitions to a new, yet familiar, presidential administration, lawmakers must keep in mind: fighting ...

Donald Trump wants to abolish income tax, cut corporate taxes, eliminate taxes on tips, overtime, and Social Security ...

Cryptocurrencies and NFTs are categorised as Virtual Digital Assets, and Section 2(47A) was added to the Income Tax Act to ...

Taxpayers are seeking income tax relief from Finance Minister Nirmala Sitharaman in Union Budget 2025 to boost money in hand ...

With reforms already initiated to simplify the tax regime for charities, TDS rate structure, provisions for reassessment and search provisions and capital gains taxation, all eyes and hopes are now on ...

Tax season is underway, and the IRS expects 140 million people will file returns by April 15. The agency has also debuted a new online tool to help taxpayers check the status of any refund they may be ...

The current income-tax law is complex for average taxpayers due to its technical jargon and numerous provisos, circulars, and ...

India has an extensive tax appeals system that starts from the Commissioner of Income Tax Appeals to the Supreme Court.