The ITAT held that fresh allotment of shares at a value below fair market value attracts Section 56(2)(viia). The term receives includes allotment, and the differential amount was rightly taxed as ...

The Tribunal held that CPC wrongly applied the outdated ₹3 lakh ceiling despite Notification No. 31/2023 enhancing the limit to ₹25 lakh. Since the retirement benefit was within the revised cap, full ...

Sigh. Another tax season is upon us. I filed my taxes with TurboTax, exploring its newest features and free or low-cost filing options.

TurboTax, H&R Block, TaxSlayer, and TaxAct — comparing features, pricing and ease of use to help you find the best filing ...

What the IRS Isn't Shouting From the Rooftops Let's be real. When was the last time you heard the IRS actively marketing a ...

Using some type of tax checklist or organizer can help you avoid that paper chase and assemble all the key documents you need in advance; completing your return is then a matter of filling in data.

When it comes to their federal income tax returns, tens of millions of US households pay for tax preparation and filing. Yet many might qualify to do so for free through IRS-approved programs.

A liquidating dividend is a distribution to shareholders during company liquidation, typically non-taxable because it returns part of the capital investment to shareholders.

To check the status of your refund, use the " Where's My Refund?" tools for federal tax refunds or go to the IRS2Go app. Information is updated once a day, overnight. Social Security number or ...

IRS Free File allows taxpayers to search through eight online partners who help prepare and file taxes for free. Each company has a specific set of qualifications - annual income, age, state residency ...

Federal income tax returns for 2025 must be filed by April 15, 2026. Americans living or traveling outside the U.S. and ...

There has been a lot of attention paid to the new Trump Accounts – especially the promised $1,000 federal government contributions for eligible newborns and the public declarations by companies and ...