The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

Using the Excel utility for ITR-2 or ITR-3 seems easy, but it’s easy to get stuck if you’re not careful. One wrong entry can ...

Foreign owners of U.S. businesses risk penalties if they miss filing IRS Form 5472. required for U.S. corp. with foreign ...

Freelancing can be notoriously difficult, but a new tax break might make things easier— that is, if you’re already wildly ...

As the deadline to file Income Tax Returns (ITR) for Assessment Year 2025-26 (FY 2024-25) approaches, many taxpayers are ...

A wealth tax will make Britain poorer and accelerate the exodus of the wealthy, says Matthew Lynn.

Taxpayers filing ITR-2 and ITR-3 using Excel utilities can encounter errors leading to incorrect tax calculations and potential rejection of returns. Experts recommend downloading pre-filled JSON data ...

The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing, informs the income tax department in ...

The delay in releasing ITR-2 and ITR-3 forms is likely due to the complex nature of these returns and the major updates introduced this year.

The documents required for a personal loan for a salaried individual may include salary slips, the bank statement, Form 16, ...

Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of ITR forms ...