Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.

Schedule C is an IRS tax form that reports profit or loss from a business. Sole proprietors or single-member LLCs typically use the form. Many, or all, of the products featured on this page are from ...

Taxpayers receiving emails about undisclosed foreign assets must revise returns using Schedule FA, FSI, and TR in ITR-2/3.

The service will be provided on Friday from 2pm to 5pm at the office of the E-Tax Management Unit on the seventh floor of the ...

Accounting is riding a steady wave of tax prep work and individual and business tax consulting, according to a new survey — but challenges loom in the form of pricing questions (and intense internal ...

Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

The Income Tax Department is alerting taxpayers about foreign assets and income. Income earned from abroad requires reporting ...

The One Big Beautiful Bill Act, which was signed into law in July, created several new tax provisions and made changes to others that are in effect for this year. So it’s worth having the rundown of ...

Delhi High Court held that denial of benefit of Input Tax Credit [ITC] due to non-filing of TRAN-1 not justified since the ...

If you work as an employee, you’ll encounter two forms in the course of your employment: Forms W-2 and W-4. Your W-2 will ...