The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last ...

The IRS has taken the unusual step of reopening its portal for auto dealers to submit time of sale reports for EVs sold last ...

The EV tax credit saw a major revamp in 2024, which enabled some buyers to benefit at the point of sale. But some tax ...

The Idaho State Tax Commission says all full-year Idaho residents qualify for a grocery credit refund. The 2024 refund is $120 for most people plus $120 for each qualifying dependent. People 65 or ...

Indians are among those eligible to apply, with no requirement to have a job offer before moving to the city. Streamlined immigration for skilled professionals Foreign professionals who meet the ...

Shah Rukh Khan has secured a crucial legal victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, dismissing reassessment proceedings for 2011-12. The decision underscores the ...

but the tax officer reassessed it as Rs 84.17 crore and denied him foreign tax credit (FTC) for taxes paid in the UK. Listen to Story Shah Rukh Khan wins tax case as ITAT gave ruling in his favour The ...

The tax department denied his foreign tax credit (FTC) for UK taxes paid, increasing his taxable income to Rs 84.17 crore, and initiated reassessment beyond the four-year statutory limit. The dispute ...

A group of 21 House Republicans is asking a key committee to limit changes to energy tax credits passed under Democrats as the GOP seeks to overhaul the U.S. tax code. In a new letter dated Sunday ...

Proper tax compliance can help you avoid legal disputes and ensure you benefit from Foreign Tax Credit (FTC) provisions. A recent case involving a Bollywood actor highlights how accurate tax reporting ...

American Opportunity Tax Credit (AOTC): Offers a credit for qualified education expenses paid for an eligible student for the first four years of higher education. The maximum annual credit is $ ...

When you check your eligibility, you don’t have to do it just for last year. You can do it for the last few years, because this year you can backfile your 2021 earned income tax credit.