ITO before the ITAT Pune pertains to the denial of Foreign Tax Credit (FTC) due to the delayed filing of Form 67. The assessee, a resident taxpayer, had declared an income of ₹28,88,780 for AY 2021-22 ...

With the 2025 tax season underway, the IRS' Free File could be just what you need to get your taxes done early and for $0.

The Federal Reserve isn't in a rush to cut interest rates, which means you could be on the hook for more taxes next year on ...

Gold revaluation gives the Treasury new options though. As described above, paying down Treasury bills could lengthen the maturity of the Treasury’s debt. In addition, the Fed’s holdings of Treasury ...

A tax refund is a reimbursement to taxpayers who have overpaid their income taxes, and so the government sends the money back ...

Article Sources Investopedia requires writers ... Employee's Withholding Certificate.” Internal Revenue Service. "Credits and Deductions for Individuals." Internal Revenue Service. "Federal Income Tax ...

FTO has instructed the FBR to investigate a telecom company for allegedly issuing incorrect tax deduction certificates.

Federal Tax Ombudsman (FTO) has unearthed a new kind of strange activity by a telecom operator involved in the issuance of ...

The federal Direct File program, which permits taxpayers to calculate and submit their returns without using commercial tax preparation software, is now available to taxpayers in 25 states, up from 12 ...

Adv. Sachin P. Kumar successfully represented his client in Foreign Tax Credit dispute before the Income Tax Appellate ...

The VITA program, which the IRS administers, began after the Tax Reform Act of 1969 and provides free tax filing assistance ...