The Income Tax Department has now notified ITR (income tax return) forms 1, 2, 3, 4 and 5. On April 29, the department notified ITR-1 (sahaj) and ITR-4 (sugam). This ...

Fixing the tax code’s complexity won’t happen overnight, but it can start with eliminating obsolete rules, restoring ...

A relatively smooth filing season offered a lot to learn about the future of the IRS, the importance of tax planning, changes ...

Rather than filing away your paperwork and forgetting about it, this CPA recommends using it as a source of insight to ...

The U.S. Treasury is phasing out paper checks by September 2025. Here’s how this change could impact your next IRS tax refund ...

The Income Tax Department officially notified ITR Form 1 on Wednesday — paving the way for taxpayers to begin filing their returns. The simplified form is designed for individuals and entities ...

T department has notified new ITR forms for FY 2024-25, detailing eligibility and exclusions for each form. These tax filing ...

Clint Costa CPA, J.D., LL.M., Senior Wealth Strategist, Choreo, LLC, discusses three tax insights that CPAs may encounter ...

forms. Until now, even a small amount of LTCG required filing ITR-2. This change makes tax filing simpler and less time-consuming for small investors, especially salaried individuals. To be ...

As sales of electric vehicles continue to grow in 2025, many new and prospective customers have questions about qualifying for a federal tax credit ... cash or in the form of a partial payment ...

As the government has notified the ITR-1 (Sahaj) and ITR-4 (Sugam) forms, the income tax department will soon enable income tax returns filing for the financial year 2024-25 (or assessment year ...