A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

The implementation of the Internal Revenue Service's "$600 rule" is being postponed until next year, giving affected taxpayers one more year before they may start receiving tax forms triggered by ...

The Chairman of the Edo State Internal Revenue Service (EIRS), Hon. (Barr.) Oladele Bankole-Balogun, has expressed his determination to revolutionize revenue collection in Edo State, targeting a ...

Car Depreciation Under Income Tax Act Car depreciation under the Income Tax Act, 196, allows taxpayers to claim depreciation as an expense, reducing their taxable income (taxable income=revenue ...

Kemberley Washington is a former staff writer at Forbes Advisor and provides consumer-friendly tax tips for individuals and businesses. Her work goes beyond tax articles. She has been instrumental ...

Part of that process includes what’s called “recoverable depreciation.” Recoverable depreciation refers to the gap between the depreciated value of an item and how much it costs to replace a ...

The Federal Government has commenced the implementation of the 2024 Withholding Tax Regulations, signalling effort to modernise Nigeria’s tax system. Approved by President Bola Tinubu in July ...

Donald Trump’s election with Republican House and Senate majorities has put the Internal Revenue Service back in the spotlight. The agency lost $20 billion in funding under the latest deal to ...

Tax season isn't anyone's favorite time of the year, but you can make the process less painful with the right tax software. The best programs have free and paid tier, offer robust live support and ...

Instead of giving paper copies of Form TD1 to your employees: give them the link to this webpage. Ask them to fill out the form and then scan it and send it to you online or give you a printed copy ...

give them the link to this webpage. Ask them to fill out the form and then scan it and send it to you online or give you a printed copy create federal and provincial or territorial Forms TD1, ...