There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...

The new Income Tax Bill, 2025 will replace the complex Income Tax Act of 1961, simplifying tax administration with clearer ...

Last year, the Internal Revenue Service announced a phased rollout of reporting requirements for businesses who receive at ...

The Income Tax Bill, 2025 defines 'online game' as any game offered on the internet and accessible through a computer or ...

Here's everything you should know about this IRS tax relief program: ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...

One of the key updates is the replacement of the term "assessment year" with "tax year”, aiming to simplify taxpayer ...

Businesses in foreign trade zones can defer paying duties and taxes until their products leave the zone at the point of sale.

"If you’re out there and wrote $50,000 in travel costs, that's way outside the mean someone would deduct," said Mark Jaeger, vice president of tax operations at preparer TaxAct. "The IRS would f ...

CHARLOTTE — The North Carolina Department of Revenue is waiving penalties for delayed tax returns to assist Hurricane Helene ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...