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 ...

As a U.S. citizen or resident alien residing overseas, understanding your tax responsibilities is crucial. The U.S. tax system requires you to report worldwide income, ensuring compliance and avoiding ...

In 2025, the IRS increased several key tax credits, providing taxpayers with greater opportunities to save. Whether you’re a ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

New IRS educational materials from the 2024 Nationwide Tax Forum cover international tax topics such as proper FBAR and FATCA reporting of foreign income and assets.

The Union cabinet approved the income tax bill on 7 February to replace the existing law, and it is expected to be tabled in ...

The Earned Income Tax Credit is a federal tax benefit for workers with low or moderate incomes, regardless of whether they ...

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

Depending on your adjusted gross income (AGI), you can get 10%, 20% or 50% of your money back on: To claim the saver's credit ...

You’ll also be disqualified if you have to fill out a form claiming foreign earned income. See the full IRS eligibility requirements for claiming the earned income tax credit on their website.

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable ...