The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...

The Allahabad High Court ruled that tax officers cannot withhold refunds solely due to mismatches with Form 26AS. Taxpayers can provide Form 16A certificates as proof of TDS deduction, and it is the ...

Massachusetts has a flat tax rate of 5%. An additional 4% tax is levied on income over $1 million, making the highest tax rate in the state 9%.

The IRS has also announced postponed dates caused by natural disasters. The timing varies by location, and includes places affected by storms, flooding, tornadoes, drought and more. Taxpayers who wish ...

Taxpayers who want to claim some attractive new income tax deductions that were packed into the One Big Beautiful Bill Act will need to keep their records — and get ready to file yet another form to ...

some of them appearing in the calculation itself on the form. "Instructions for Schedule 1-A have not yet been released and may provide some additional helpful guidance," Luscombe said. What 'cash ...

The IRS on Monday issued proposed regulations (REG-108822-25) that would modify information-reporting obligations for Part IV of Form 8308, Report of a Sale or Exchange of Certain Partnership ...

The AICPA on Thursday sent a letter to the IRS with recommendations to two areas of new instructions to Form 8971, Information Regarding Beneficiaries Acquiring Property From a Decedent. The AICPA ...

Ever looked at your paycheck and wondered why your take-home pay seems off? It might have something to do with your W-4 form. If you’re starting a new job, picking up a side hustle or going through a ...

Nearly 32,000 taxpayers in New Jersey are owed the refunds which are worth $26.53 million, the IRS said. The median unclaimed tax refund in the state is $657, the IRS said. That’s lower than the ...