Employees have been wondering how they will determine the amount of their qualified tips and qualified overtime eligible for deduction under the ...

W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

Tribunal emphasizes requirement of notice under section 153C for assessments in block period, quashing AY 2021-22 assessment framed without ...

Republican Senator Jim Justice and his wife didn’t pay his taxes, and now have to pay the IRS $5 million.

Madras High Court permits a delayed appeal against GST penalty order, provided 25% of disputed tax and interest on belated payment are deposited, emphasizing conditional ...

U.S. Sen. Jim Justice of West Virginia has agreed to pay nearly $5.2 million in overdue personal taxes. An attorney for ...

Court held that Section 74 proceedings cannot be initiated when tax and interest are paid before issuance of notice under ...

A federal court said the pair “vastly overreported their actual income and taxes paid” in 2020 and now demands repayment with ...

The Delhi High Court in a writ petition has upheld Show Cause Notice (SCN) issued by the GST Department which was based on an ...

Tribunal holds that service tax cannot be demanded solely on differences between income tax and service tax returns. The ruling confirms that exemptions and disclosures must be verified through proper ...

Explains how Section 194Q requires buyers with large turnover to deduct TDS on purchases above ₹50 lakh. Key takeaway: The buyer becomes responsible for compliance, ensuring major transactions are ...

It’s not at all unusual to encounter the owner of a New York business who dreams about leaving the State. The reasons often given for the desired ...