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

For federal estate and gift tax purposes, transfers are valued at the “fair market value” of the asset on the date of transfer. One of the more ...

Sovos, the always-on compliance company, today announced that they have achieved full SAP certification for its Indirect Tax ...

The legislation it refers to made various changes to the Internal Revenue Code that made it significantly easier for the IRS ...

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

According to the IRS, an audit is simply a review of your accounts "to ensure information is reported correctly according to ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

Since the unveiling of the Economic Crime and Corporate Transparency Bill [1], Companies House has started the process of introducing tougher ...

If you are starting a business, it is essential that you familiarize yourself with all of the necessary tax forms you will need to file with the IRS and the various taxes you will be required to pay.

Not everyone is required to file taxes, but most Americans must and probably will submit a return. Some will even do so today, the first day the IRS is accepting and processing returns this tax ...

While you are allowed to handle a tax audit on your own, it can be beneficial to hire a tax professional if you're not comfortable navigating the process. A certified public accountant (CPA), enrolled ...

Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She has been in the accounting, audit, and tax profession ... withholding tax, did not require a stamp duty ...