Whether the deduction limit is raised, eliminated or extended, there are steps taxpayers can take to minimize their tax ...

Claiming unusually high deductions can trigger an IRS audit, according to Geltrude.

Ellis emphasizes that tax planning should be constant for small-business owners and shared some tips. Ellis said that weekly ...

As the IRS tax season kicks off on January 27, 2025, understanding how to deduct medical expenses can significantly impact ...

1. File Your Income Tax Return (ITR): The due date for filing ITR for individuals is July 31st (extended in some cases). Choose the correct ITR form based on your income sources. 2. Carry Forward ...

Ltd., allowing the condonation of a 314-day delay in filing an appeal against the disallowance of deductions under Sections 80IC and 43B of the Income Tax Act, 1961. The appeal was initially dismissed ...

ITAT Pune held that delay in filing audit report in Form 10CCB due to technical problem is justifiable and hence denial of claim under section 80IAC of the Income Tax Act not justified. Accordingly, ...

I can’t help but dream this time of the year. It’s the thick of winter, you see, which means I’m spending hours huddled in my home office getting a million tax details in order for my CPA. And I’m ...

Immediate action is required by all professionals and relevant personnel within the organization. The final month of fiscal ...

If an LLP provides taxable goods or services, it must apply for GST registration. Once registered, LLPs can claim Input Tax Credit (ITC) on their purchases, reducing their overall tax liability. GST ...

The Big Ten Men’s Basketball Tournament is back in Indianapolis. Gainbridge Fieldhouse will host the tournament March 12-16, marking the 14th time the tournament will be ...

Sunnova Energy struggles with severe financial distress, plummeting stock, and bankruptcy risk despite growth. Learn more ...