However, it observed that mere suspicion or assumption of payment could not justify an addition, especially in the absence of concrete evidence linking the amount to undisclosed income. Relying on CIT ...

Making incorrect assumptions about tax brackets, tax-loss harvesting, charitable giving, estate taxes and more can cost you ...

A fresh online petition is urging for State Pension payments to be disregarded as income for the personal tax allowance, ...

The federal budget debate has big implications for the economy. Businesses are betting that tax cuts will be extended and the ...

One key result is that almost every probationary federal employee, which generally means people who came on board within the ...

Tamil Nadu CM M K Stalin criticizes the Union government over contentious issues like the National Education Policy and fund ...

Could a 10% flat tax — based on traditional notions of tithing — bring more sanity and equity to the U.S. tax code?

United States-based companies paid a whopping $370 billion in taxes to governments across the world in 2024, the Trump ...

An idea first proposed on social media has bubbled up to the White House and received President Donald Trump’s enthusiastic endorsement: Take some of the savings from billionaire Elon Musk’s drive to ...

Bipartisan legislation that would update the tax code “to incentivize homeowners to sell their properties, increasing the housing supply and alleviating affordability challenges in communities ...

Experts say the layoffs of roughly 7,000 IRS probationary workers likely mean the end of the agency's plans to go after ...

New York Yankees owner Hal Steinbrenner may support a salary cap proposal as long as it contains a provision mandating ...