If you receive Social Security benefits, you probably know about the SSA-1099 or SSA-1042S tax form. Each January, the Social ...

Section 6721 of the Internal Revenue Code imposes a penalty on any person who fails to file a Form 1099 or other information return to the IRS by ...

A duplicate or photocopy of original documents, whether in paper or electronic form, is admissible as evidence in court as long as there is no genuine question on the original’s authenticity. “A ...

The Central Board of Direct Taxes has released the updated ITR-2 form. It is for the assessment year 2025-26. The form includes separate reporting for capital gains. This is before and after July ...

Getty Images ITR Form 5 has a new addition of a specific reference to the section 44BBC of the Income Tax Act. The income tax department highlighted various changes, one of the most notable revisions ...

(2) They shall come into force with effect from the 1 st day of April, 2025. 2. In the Income-tax Rules, 1962, in Appendix-II, for FORM ITR-5, the following FORM shall be substituted, namely: — [F. No ...

It comes after the income tax department on April 29 notified ITR-1 and ITR-4 forms for AY 2025-26, and made it easier for individuals with long-term capital gains (LTCG) of up to Rs 1.25 lakh from ...

The Massachusetts Senate will vote next week on a roadmap for spending nearly $1.3 billion in surplus cash generated by the state’s tax on high earners, offering the MBTA less than half of what ...