We researched and evaluated cost, help and support options, ease of use, and more from leading small business tax software ...

Taxpayers will receive a 1099-K from payment card companies, payment apps and online marketplaces when transactions during ...

JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and ...

ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become inactive without being formally dissolved. However, even if an inactive LLC has no income ...

The tax season for 2024 began on January 27. The IRS has released key guidelines for taxpayers, including collecting ...

The new tax regime is the default tax regime. The highest tax rate of 30% is applicable from net taxable income above Rs 15 lakh. However, the new tax regime offers limited deductions to the taxpayer.

All taxpayers must file a correct and timely tax return and should start their research by reading reviews and checking the ...

It’s never on anyone’s to-do list to carefully look at all the statements they’re receiving. Most tax filers either hand ...

Last year, the IRS announced a phased rollout of reporting requirements for businesses who receive at least some of their ...