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The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.

New York's mayor-elect, Zohran Mamdani, campaigned on a promise to raise the city's income tax on its richest residents from 3.9% to 5.9%. Combined with the state income tax, which is 10.9% for the ...

Trump administration implements new SNAP work requirements for adults up to 64, mandating 80 hours monthly of work or ...

ITAT Pune held that the Section 263 revision was unsustainable as the AO conducted adequate scrutiny and expenses were recovered from associated enterprises. Expenditure classification did not make ...