Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.

Could half of the people who qualify for Trump Accounts lose out? What parents need to do to make sure they're on track to ...

Here's what experts suggest taxpayers can do ahead of the 31 December 2025, if they miss the revised or belated ITR deadline.

The IRS urges taxpayers to get organized now to take advantage of changes under OBBBA that could impact tax deductions and ...

Every December, workers blame the IRS for shrinking bonuses. But bonuses aren’t taxed differently than your regular ...

That guidance basically asks employers to use their best efforts to provide documentation; no penalties will be imposed on ...

Get ahead of the tax season crunch by collecting these tax documents throughout the year. Here's what you need to keep an eye out for.

Form 26AS helps taxpayers verify TDS, taxes paid, and refunds before filing returns. Matching it with your records reduces errors and tax ...

Workers should know about limits on these rules, and employers should be prepared to provide information on tipped wages and ...

Notice 2025-68 provides some parameters with respect to their establishment, operation and reporting requirements.