The core issue was the denial of Foreign Tax Credit (FTC) due to two contradictory CIT(A) orders, one of which cited the late filing of Form 67. The ITAT ruled that since Form 67 was filed before the ...

The American Institute of CPAs is asking for more flexibility for taxpayers who wish to claim tax deductions for overtime and ...

The tax agency will start accepting 2024 tax returns on Jan. 27 and expand the Direct File system for free tax filing to more states. The Internal Revenue Service’s free tax-filing system will get a ...

The Internal Revenue Service recently announced that an executive order by President Donald Trump will change how folks will be getting their tax refund checks in the upcoming year. In a recently ...

There are suggestions that Reeves is looking to reform or get rid of the tax to encourage movement in the housing market ...

Paper checks, or, at least, those were the reasons cited when President Donald Trump issued an executive order earlier this year ... and receiving paper checks as a form of payment. However, there are ...

The Internal Revenue Service is no longer issuing paper tax refunds after September, according to a news release published by the department. On Sept. 23, the agency said it will transition to fully ...

According to Forbes, it is important to check all 1099 forms before filing. Most come in late January or early February but some may come throughout the year. If a 1099 is missing or has an error, you ...

Millions of people still prefer a paper check for federal income tax refunds. But President Trump signed an executive order ...

The IRS started phasing out paper refund checks today after an executive order earlier this year from President Donald Trump. The order, issued in March, requires the IRS to largely stop sending paper ...

Taxpayers who typically receive tax refunds by paper check could be surprised next year when the IRS initiates new steps to ...