Most tax refunds are issued within 21 days of filing and paying, but simple mistakes can delay the return of your money.

If your business is obligated to fill out Form 941 and fails to do so, you could face stiff penalties, including a penalty of 5% of the total tax amount due, an additional 5% for each month the ...

As tax season 2025 approaches, the IRS emphasizes the importance of addressing digital assets, even for those who haven't ...

tax deductions and exemptions. Check the auto-fill data from Form 26AS and AIS (Annual Information Statement). Step 5: Verify tax calculation Check whether you have to pay additional tax or get a ...

The first-year deduction must be reported on your business tax form. That would be Schedule C for a sole proprietor, K-1 for a partnership or S corporation, or Form 1120 for a corporate tax return.

the government said it earned revenue of Rs 5,068.92 crore from excise duty and VAT (value added tax) on the sale of liquor in the financial year 2024-25. Rs 209.9 crore, it said, was earned in ...

The new Income Tax Bill will be taken up for discussion in the monsoon session of Parliament, Finance Minister Nirmala Sitharaman said on Tuesday. Replying to the discussions on the Finance Bill ...

A C corporation should use IRS Form 1120 to report its corporate income taxes. The company may also have employment, Social Security, or Medicare tax liabilities and these can increase the cost of ...

A middle-aged juice seller, who runs a small kiosk at the district court compound here, was left in shock after allegedly receiving an income tax notice seeking an outstanding payment of Rs 7.79 ...

Getting the right tax advice and tips is vital in the complex tax world we live in. The Kiplinger Tax Letter helps you stay right on the money with the latest news and forecasts, with insight from ...

From 619 teen entries, we are featuring 10 extraordinary pieces. Take a look. By The Learning Network A look at nine fascinating communities from around the world, as documented by teenagers ...